Part Two: Economics of Japan

1. GDP: 5.96 Trillion USD
2. GDP per Capita: 46,720 USD
3. Life Expectancy: 82.59 years
4. Poverty Rate: 15.7 percent
5. Literacy Rate: 99%
6. Unemployment Rate: 3.6 percent
7. Inflation: 1.5%


1. Natural Resources: Because of the fact that it is an island, Japan does not have an abundance of natural resources. A large amount of the land is used for agriculture and forestry. Its island status does grant it an abundant source of ocean, which means that it has a large amount of fish and ocean life as a natural resource. It was also discovered in 2012 that there was a large mineral deposit in the country, which gave the country an abundance to resources used in modern day technologies. Otherwise, the country imports a lot of resources in that it needs, especially coal and oil.

2. Labor: The labor force of Japan is comprised of approximately 63 million employed people. The education of this labor force is through 6 years of elementary, 3 years of middle, and 3 years of high school. There is also the option in Japan to achieve education at the university level eventually leading to the possibility of a PhD.

3. Capital: Japan has a very large place in manufacturing. It has a lot of capital in things like robotics and cars because of some large companies like Toyota. Japan has also developed a highly developed transportation system, as much of the country is covered with roads and railroads.