The economy that Japan has is a highly developed free-market economy. It is the 3rd largest in the world by nominal GDP and the 4th largest by purchasing power parity. It is the world's second largest developed economy. Japan is certainly a member of the G7.
India will surpass Japan in terms of gross domestic product in 2029. This means that it will become the world's third-largest economy. This is what the Japan Center for Economic Research says. Urban population and tech industry drive rapid growth in the South Asian country.
JAL is the main airline of Japan. Japan Airlines, J-Air, JAL Express, and Japan Transocean Air are members of the Oneworld airline alliance network. JAL was established in 1951 and became the national airline of Japan in 1953.
Although certain legends have it that Japan was founded in 660BC, archaeologists agree that settlement in the Japanese archpelago dates back as far as 100,000 years. The Jomon Period (8000-c.300BC) is the earliest that has been expertly studied. It is named after the 'jomon' or cord-marked pattern style of pottery of this particular period.
Japan’s economy actually grew much faster in the 3rd quarter than estimated at first. The July-September quarter was interesting. The economy expanded quickly.
Domestic demand is continuing to power the intense growth in Japan. Globally, there is some slowdown. Capital spending was the key driver for the upward revision.
Business investment and private consumption rose better than previously forecasted.
Interesting Japan News Links:
Japan's economy grew much faster in third quarter than first estimated - japantimes.co.jp
Is Disaster-Prone Japan Facing Economic Derailment? - thediplomat.com
Japan's economic stimulus to surpass $91bn - asia.nikkei.com
Japan preparing $120 bln economic stimulus package - reuters.com
For Japan's economy, worst of South Korea boycott may have passed - japantimes.co.jp
Slowdown Blues: India economy won't surpass Japan in 2024, will take 5 years longer - businesstoday.in
Japan’s Topsy-Turvy Economy Is the United States’ Economic Future - foreignpolicy.com
Japanese economy: Déjà vu – but worse - forexfactory.com
Japan's extended machinery orders fall bodes ill for business spending - businesstimes.com.sg