![]() as the production leader with up to 13 million cars per year manufactured and significant exports. The automotive industry in Japan rapidly increased from the 1970s to the 1990s (when it was re-oriented both for domestic use and worldwide export) and in the 1980s and 1990s, overtook the U.S. Japan has been in the top three of the countries with most cars manufactured since the 1960s, surpassing Germany. Toyota Motors holds the title of the largest company in Japan with total revenue of 252 billion dollars (2014) and has been the largest in the automotive industry in recent years. The Japanese automotive industry is one of the most prominent and largest industries in the world. ![]() As of 2013, 62 of the Fortune Global 500 companies are based in Japan. As of 2010, Japan possesses 13.7% of the world's private financial assets (the second largest in the world) at an estimated $14.6 trillion. Japan is the world's largest creditor nation, generally running an annual trade surplus and having a considerable net international investment surplus. Besides the Kantō (greater Tokyo area) region, the Kansai region (greater Osaka-Kobe-Kyoto area) is one of the leading industrial clusters and manufacturing centers for the Japanese economy. Facing increasing competition from China and South Korea, manufacturing in Japan today now focuses primarily on high-tech and precision goods, such as optical instruments, hybrid vehicles, and robotics. ![]() Japan is the world's third largest automobile manufacturing country, has the largest electronics goods industry, and is often ranked among the world's most innovative countries, leading several measures of global patent filings. Japan is a member of the G7.ĭue to a volatile currency exchange rate, Japan's GDP as measured in dollars fluctuates widely. According to the International Monetary Fund, the country's per capita GDP (PPP) was at $36,899, the 22nd-highest in 2013. The economy of Japan is the third largest in the world by nominal GDP, the fourth largest by purchasing power parity, and is the world's second largest developed economy.
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