Impact Of Japan Industry

Submitted By Yixuan-Shen
Words: 722
Pages: 3

FOCUS ON HOW THE ISSUES ARE IMPACTING THE ASIAN COUNTRY CORRENSPONDING TO THE WEEK OF YOUR PRESENTATION - Eason
Japans exports, market share, outsourcing (labour market), economy (Yen value), domestic market (impacted or not?).
EXPORTS-
In 2013, Japan’s top 10 exports accounted for 79.6% of the overall value of its global shipments. Exported products from Japan amounted to US$715.2 billion in 2013, up 23.2% since 2009 — but down 10.4% from $798.6 billion in 2012.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, Japan’s total Gross Domestic Product amounted to $4.7 trillion in 2013.

Therefore, Japanese exports accounted for about 15.1% of total Japanese economic output.

Given Japan’s population of 127.1 million people, the total $715.2 billion in 2013 Japanese exports translates to roughly $5,627 for every person in the country. This compares with a benchmark $2,545 in exports per person for the world’s total exports (assuming an estimated global population of 7,095,217,980 per the CIA World Factbook).

The following export product groups represent the highest dollar value in Japanese global shipments during 2013. Also shown is the percentage share each export category represents in terms of Japan’s overall exports.
1. Vehicles excluding trains and streetcars: $148,516,005,000 (20.8% of total exports)
2. Machinery: $135,170,603,000 (18.9%)
3. Electronic equipment: $108,196,915,000 (15.1%)
4. Optical, technical and medical apparatus: $40,098,608,000 (5.6%)
5. Iron and steel: $35,354,109,000 (4.9%)
6. Organic chemicals: $26,338,964,000 (3.7%)
7. Plastics: $25,687,461,000 (3.6%)
8. Mineral fuels including oil: $16,620,425,000 (2.3%)
9. Ships, boats and other floating structures: $15,559,127,000 (2.2%)
10. Articles of iron or steel: $13,464,169,000 (1.9%)
Japan is a highly industrialized economy as reflected in its top exports. The country’s high population density may partially explain its focus on automotive products as well as optical, technical and medical apparatus. Given that Land of the Rising Sun is an island nation, it also comes as no surprise that Japan has a competitive advantage in exporting ships, boats and other floating structures.

These fast-growing industries require specialized skills, which may explain why Japan’s unemployment rate was a modest 4.1 per cent in 2013.

http://www.worldstopexports.com/japans-top-10-exports/2097

Economy-
Under a weaker Yen, Abenomics increased the cost of imports, including food, oil and other natural resources upon which Japan is highly reliant. However, the Abe government viewed this as a temporary setback, as the weaker yen would eventually increase export volumes. Japan also managed to maintain an overall current account surplus due to investment income from overseas. http://blogs.wsj.com/japanrealtime/2014/01/27/is-abenomics-misguided-officials-not-ready-to-concede/?mod=WSJ_Japan_JapanRealTime MARKETSHARE-
Hiroko Tabuchi wrote in the New York Times in May 2010, “Japan's electronics makers, like Sony and Panasonic, have been usurped on one end by rivals elsewhere in