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The Japanese Economy

Beginning of Essay
The prewar economy of Japan was a Socialist economy and the country was ruled by an emperor up to WW2 and after WW2 it started to lean towards a mixed market economy until what it is today although its government is Socialist it is leaning towards a mixed market e ....

Middle of Essay
.... of their products and is how they get a trade surplus year after year. Manufacturing is the most important economic activity in Japan it accounts for about 28% of it¹s GDP. The Japanese people import more than half of the products that they manufacture from other countries in their crudest form and manufacture them into transportation equipment, iron, steel, chemicals, petroleum and coal products and textiles. Most of these products are produced by large corporations with many employees and the happier the employees are the more it will be done. An aspect of a market economy that Japan has is the way the companies treat their workers. The way ....

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