Japan has a good economy despite their high Debt to GDP. They have a high personal savings rate that covers their Debt and a world-class auto and machinery industries. Japan developed hybrid technology and perfected automobile manufacturing.
Nominal GDP
4.230T, Per Capita GDP $33,494 Population 122,631,122, Debt to GDP 217.3%
2021-2024 Inflation 17.2%, Unemployment 2.8%, Labor force 69.3M, Trade Surplus $17.4B. In 2023, Japan’s global share of manufactured goods was 7.2%.
US Trade
with Japan in 2023 created Deficit 71.175B,
Exports $76.165B Imports $147.340B.
Japan exports include cars, machinery, integrated circuits, refined gasoline and other goods.
Japan is a good customer for US oil and natural gas.
Comments
All Toyota Prius Hybrids are made in Japan. In 2005, when gas sent to $3/gallon we sold our 20mpg Cadillacs and bought 2 60mpg Toyota Prius Hybrids. We still have them. I credit Japan for investing for over 20 years to perfect hybrid technology for automobiles. The Prius got 60 miles/gallon and the engine stopped when the car stopped. It was roomy, fast and a good highway and town car.
Norb Leahy, Dunwoody GA Tea Party Leader
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