Period+8+Japan+Economy

=Japan's Economy=

By Reid Elattrache and Zach Willis


The economy of Japan is the second largest in the world, after the United States at $5.07 trillion in terms of nominal GDP and third after the United States and China when adjusted for purchasing power parity. The Big Mac Index shows that the wages in Tokyo are the highest among principal cities in the world. In the last three decades Japan’s economy has grown rapidly. A mountainous, volcanic island country, Japan has inadequate natural resources to support its growing economy and large population. Although not all natural resoures are avalible for use. Many kinds of minerals were extracted throughout the country, most mineral resources had to be imported in the postwar era. Local deposits of metal-bearing ores were difficult to process because they were low grade. The nation's large and varied forest resources, which covered 70 percent of the country in the late 1980s, were not utilized extensively.



Citations: "Economy of Japan." //Wikipedia//. 12 May 2010. Web. 14 May 2010. . "Japan." //U.S. Department of State//. 31 Mar. 2010. Web. 14 May 2010. . Pictures from: newshopper.sulekha.com; fashionlifecrew.wordpress.com