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Economy of Japan

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Japan has a highly developedmixed economy. It is known as an East Asian model for its public investment into strategic sectors. Japan is the fourth-largest economy in the world by nominal GDP and the fifth-largest by purchasing power parity (PPP). It constituted 3.7% of the world's economy on a nominal basis in 2024. A founding member of the G7 and an early member of the OECD, Japan was the first country in Asia to achieve developed country status.

East Asian modelEast Asian modelThe East Asian model (Japanese: 修正資本主義, romanized: shūsei shihonshugi, lit.'modified capitalism'), pioneered by Japan, is a plan for economic growth whereby the government invests in certain sectors of the economy in order to stimulate the growth of specific industries in the private sector. It generally refers to the model of development pursued in East Asian economies such as Japan, South Korea and Taiwan.List of countries by GDP (nominal)List of countries by GDP (nominal)Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.JapanJapanJapan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asian mainland, it is bordered to the west by the Sea of Japan, the Sea of Okhotsk in the north, and the East China Sea in the south. The Japanese archipelago consists of four major islands alongside over 14,000 smaller islands.Mixed economyMixed economyA mixed economy is an economic system that includes both elements associated with capitalism, such as private businesses, and ones associated with socialism, such as nationalizedgovernment services. More specifically, a mixed economy may be variously defined as an economic system blending elements of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise.List of largest consumer marketsList of largest consumer marketsBelow is a list of the largest consumer markets of the world, according to data from the World Bank. The countries are sorted by their household final consumption expenditure (HFCE) which represents consumer spending. Values are in nominal terms in United States dollar and adjusted for purchasing power parity (PPP) in constant 2021 international dollar in nominal terms.Meiji RestorationMeiji RestorationThe Meiji Restoration (明治維新, Meiji Ishin; also translated as the Meiji Reform[ation]), referred to at the time as the Honorable Restoration (御維新/御一新, Goi(s)shin), was a political event that restored imperial rule to Japan in 1868 under Emperor Meiji and led to the Westernisation of Japan.Developed countryDeveloped countryCountry with a developed economy and infrastructureComparison of countries by their level of development (seven criteria: HDI, WESP, WB, DAC, IMF, Paris Club, UNIDO) 5+ criteria 4 criteria 3 criteria 2 criteria 1 criterionA developed country, or advanced country, is a country that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations.G7G7Intergovernmental political and economic forumG7 leaders in France (June 2026)The G7-states (blue) and the EU (teal) Member states and key leaders:Formation25 March 1973(53 years ago) (25 March 1973)(Library Group)15 November 1975(50 years ago) (15 November 1975)(1st G6 summit)FounderLibrary Group:George ShultzHelmut SchmidtValéry Giscard d'EstaingAnthony Barber1st G6 summit:Gerald FordValéry Giscard d'EstaingHelmut SchmidtAldo MoroTakeo MikiHarold WilsonFounded atWashington, D.C. (Library Group)Rambouillet (1st G6 summit)TypeIntergovernmental organisationOfficial languages English, French, German, Italian, JapaneseFormerly calledLibrary GroupGroup of Six (G6)Group of Eight (G8) (reversion)The Group of Seven (G7) is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member".List of countries by GDP (PPP)List of countries by GDP (PPP)GDP (PPP) means gross domestic product based on purchasing power parity. This article includes a list of countries by their forecast estimated GDP (PPP). Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates. The data given on this page are based on the international dollar, a standardized unit used by economists.List of countries by exportsList of countries by exportsThis list of countries and territories by their exports, including both merchandise exports and service exports, is based on data from the World Bank. Merchandise exports are goods that are produced in one country and sold to another country. Service exports refer to the cross-border sale or supply of services by residents of one country to residents of another country.List of countries by importsList of countries by importsThis is a list of countries and territories by their imports, including both merchandise imports and service imports, is based on data from the World Bank and the International Trade Centre (except for the European Union). Merchandise imports are goods that are produced in one country and purchased to another country. Services imports refer to the cross-border purchase or procurement of services by residents of one country from residents of another country.OECDOECDIntergovernmental economic organisationThe Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental organisation with 38 member countries. It was founded in 1961 to stimulate economic progress and world trade.

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