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In many respects, international trade is the lifeblood of Japan's economy. Imports and exports totaling the equivalent of nearly US$1.309.2 Trillion in 2017, which meant that Japan was the world's fourth largest trading nation after China , the United States and Germany .
The Ministry of International Trade and Industry (通商産業省, Tsūshō-sangyō-shō, MITI) was a ministry of the Government of Japan from 1949 to 2001. The MITI was one of the most powerful government agencies in Japan and, at the height of its influence, effectively ran much of Japanese industrial policy, funding research and directing investment.
Between 1960 and 1964, Japan incurred annual trade deficits (based on a customs clearance for imports) ranging from US$400 million to US$1.6 billion. The era of chronic trade deficit ended in 1965, and by 1969, with a positive balance of almost US$1 billion, Japan was widely regarded as a surplus trading nation.
Japan suffered a trade deficit last month as exports sank for the first time in more than two years, dragged down by a slowdown overseas. Japan’s trade deficit totaled 78.7 billion yen ($539 ...
The Ministry of Economy, Trade and Industry (経済産業省, Keizai-sangyō-shō), METI for short, is a ministry of the Government of Japan. It was created by the 2001 Central Government Reform when the Ministry of International Trade and Industry (MITI) merged with agencies from other ministries related to economic activities, such as the ...
The balance of trade between the two nations is heavily in favor of Japan, with Japan exporting automobiles and manufactured goods, and Georgia exporting food products and chemicals. Georgian President Eduard Shevardnadze made an official visit to Japan in March 1999 and President Mikheil Saakashvili visited Japan in March 2007.
Hook, Glenn D. et al. Japan's International Relations: Politics, Economics and Security (3rd ed. 2011), covers 1945–2010. Inoguchi, Takashi. Japan's Foreign Policy in an Era of Global Change (2013). Insisa, Aurelio, and Giulio Pugliese. "The free and open Indo-Pacific versus the belt and road: Spheres of influence and Sino-Japanese relations."
Government-business relations are conducted in many ways and through numerous channels in Japan.The most important conduits in the postwar period are the economic ministries: the Ministry of Finance and the Ministry of Economy, Trade and Industry (METI, formerly the Ministry of International Trade and Industry, known as MITI).