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Japan's modern economy has many world leading industries and companies, being driven by exports and a mastery of high technology. However, in the 1990s, the economy underwent a major slowdown in part because of overinvestment and an asset price bubble during the late 1980s. Japan has a huge government debt, which exceeds the Gross Domestic product (176% of GDP) and also faces the challenge of a low birth rate, low immigration and an aging of the population which will further increase the debts. [[China]] also is becoming a larger economy and a bigger international trading partner than Japan.
Japan's modern economy has many world leading industries and companies, being driven by exports and a mastery of high technology. However, in the 1990s, the economy underwent a major slowdown in part because of overinvestment and an asset price bubble during the late 1980s. Japan has a huge government debt, which exceeds the Gross Domestic product (176% of GDP) and also faces the challenge of a low birth rate, low immigration and an aging of the population which will further increase the debts. [[China]] also is becoming a larger economy and a bigger international trading partner than Japan.
== See also ==
== See Also ==
*[[World War II]]
*[[Oriental art]]
*[[Oriental art]]
*[[Matthew Perry]]
*[[Matthew Perry]]