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The economy of Japan is a highly developed mixed economy, often referred to as an East Asian model. [23] It is the fourth-largest economy in the world by nominal GDP behind the United States , China , and Germany , and the fifth-largest by purchasing power parity (PPP), below India and Russia. [ 24 ]
The importance of agriculture in the national economy later continued its rapid decline, with the share of net agricultural production in GNP finally reduced between 1975 and 1989 from 4.1% to 3% In the late 1980s, 85.5% of Japan's farmers were also engaged in occupations outside farming, and most of these part-time farmers earned most of their ...
Japan's membership in the OECD has constrained its foreign economic policy to some extent. When Japan joined the OECD in 1966, it was obliged to agree to OECD principles on capital liberalization, an obligation that led Japan to begin the process of liberalizing its many tight controls on investment flows into and out of Japan. Japan is also a ...
In 1960s Japan developed a consumer-oriented economy, with industry orienting towards production of high-quality technological products aimed for export, as well as the domestic market. Japanese exports rose rapidly and in subsequent years it became a world leader in car manufacturing, shipbuilding, precision optical devices, and high technology.
Other well-known insects in Japan include cicadas, crickets, Asian giant hornet and fireflies. Firefly viewing is a popular tourist attraction in some areas. Some of the butterflies are endangered, and thus added into the Japan Red List. One example is Niphanda fusca, a parasitic butterfly that commonly resides in satoyama. Due to changing ...
Habu, four different species of venomous snake that exist in certain islands including Okinawa, the Sakishima Islands and the Tokara Islands, but not on the islands of Honshu, Kyushu, Shikoku, Hokkaido.
This is a list of mammal species recorded in Japan (excluding domesticated and captive populations). Of the 172 [1] species of mammal found—112 native terrestrial mammals (those that are endemic are identified below; this number includes 37 species of bat), 19 introduced species, 40 species of Cetacea, and the dugong—161 are listed for the Japan region on the IUCN Red List of Threatened ...
The ongoing and deepening financial stagnation of Japan has cast doubts on the applicability of the Japanese model of economic development. Economist Terutomo Ozawa argues that Japan's initial economic success was underpinned by financial institutions that led to its current economic malaise.