* Latest update: Japan’s economy shrank 3.8 per cent in the first three months of this year. It is the country’s sharpest contraction since the second world war. A shrinking economy is defined as a fall in gross domestic product.

GDP (purchasing power parity): $4.348 trillion (2008 estimate)
country comparison to the world: 4
$4.365 trillion (2007)
$4.263 trillion (2006)
*data are in 2008 US dollars

GDP (official exchange rate): $4.844 trillion (2008 estimate)

GDP – real growth rate: -0.4% (2008 estimate)
country comparison to the world: 205
2.4% (2007 estimate)
2% (2006 estimate)

GDP – per capita (PPP): $34,200 (2008 estimate)
country comparison to the world: 36
$34,300 (2007 estimate)
$33,400 (2006 estimate)
* data are in 2008 US dollars

GDP – composition by sector:
agriculture: 1.4%
industry: 26.4%
services: 72.1% (2008 estimate)

Press Conference on the Concluding Statement of the 2023 Article IV Mission to Japan
We had three themes that we discussed with the government as part of this year’s annual economic check-up on Japan’s economy, what we call our Article IV Consultation. The first is on the ...
Posted: January 27, 2023, 7:20 am
As Japan reopens, so does Irving Resources' chances to find more high-grade gold and silver
A softer Japanese economy, technological advancements, more favourable government policies and a shift in the local attitude toward mining mean it has ...
Posted: January 27, 2023, 6:11 am
BOJ Is Sticking to Ultra-Loose Monetary Policy for Now
By early December, analysts were expecting a shift in policy allowing for a rise in interest rates, as the Japanese economy struggled with soaring import rates and a struggling yen. Many believed the ...
Posted: January 27, 2023, 5:20 am
Japan cuts economic view in Jan. as COVID-19 surges in China
The Japanese government on Wednesday downgraded its economic outlook for the first time in 11 months, reflecting a fall in exports am ...
Posted: January 25, 2023, 2:30 am
Japan cuts economic view in January as COVID-19 surges in China
The Japanese government's latest report said exports "have been in a weak tone recently," the first time the component was downgraded in 14 months, with the fall particularly marked in Asia.
Posted: January 25, 2023, 1:07 am
China's economy to see robust recovery this year, says researcher
Provided by Xinhua China leads the world in the number of lighthouse factories which lead the way to Industry 40 and represent the highest level of ...
Posted: January 21, 2023, 5:53 pm
Deviation from Asian cooperation takes toll on Japanese economy
After over a decade of super-loose monetary policy, the Japanese economy appears still in the doldrums. The BOJ on Wednesday also slashed its economic growth projection for fiscal 2023 to 1.7 percent, ...
Posted: January 18, 2023, 7:23 am
Japan’s Largest Trade Union Head Says 2023 Is Pivotal for Wages
This year is pivotal for the Japanese economy to move away from decades of deflationary thinking toward sustained real wage growth, according to the head of the country’s largest labor union.
Posted: January 16, 2023, 7:45 pm
Editorial: Investing in human resources key to reviving Japanese economy
Since the bursting of the economic bubble in the early 1990s ... that "the leading and pressing issue is to revive the Japanese economy." He announced a plan to rehabilitate the domestic economy ...
Posted: January 9, 2023, 4:01 pm
The Japanese Economy in 2023: Gradual Recovery on Track with Firm Domestic Demand
Japan’s real GDP grew by fits and starts in 2022, influenced in part by the effects of the COVID-19 pandemic. GDP recorded negative growth in the January–March and July–September quarters, but ...
Posted: January 6, 2023, 7:23 am
The Japanese Economy in 2023: Gradual Recovery on Track with Firm Domestic Demand
Japan’s real GDP grew by fits and starts in 2022, influenced in part by the effects of the COVID-19 pandemic. GDP recorded negative growth in the January–March and July–September quarters ...
Posted: January 6, 2023, 1:11 am
What to expect from Japan’s economy in 2023
The Japanese economy faced its share of hurdles last ... But the country also pushed to resume economic activities shut down by the COVID-19 pandemic, highlighted by a reopening of borders for ...
Posted: January 3, 2023, 9:09 pm