Period+7+Japan+Economy

Japan’s economy prospered extremely well from the 1960’s through 1980, with small increases from 1980 until 1989. To date Japan has the world’s second largest economy behind only the United States. Japan’s economy shrank over 6% from 2008 to 2009. Japan is the only G8 member of Asia and has the highest wages in the world. Japan must rely on imports so; it is the largest importer of coal, natural gas, oil, and timber. The industry of Japan includes motor vehicles, electronics, tools, and metals. Agriculture consists of rice, sugar beets, vegetables, fruit, pork, and fish. Japan’s major exports include motor vehicles, semiconductors, office machinery, and chemicals. By Tyler Wilkes and Anthony Wagner

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