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→History
====Current Status====
====Current Status====
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.
====2011 Quake - Tsunami ====
A massive 8.9-magnitude earthquake and several powerful aftershocks struck the eastern coast of Japan on March 11, 2011 (12:46 a.m. in Washington), triggering a [[tsunami]] that devastated the coastline north of [[Tokyo]].
The Japan Meterological Agency said the earthquake was the strongest in the country's history. <ref>[http://www.washingtonpost.com/wp-dyn/content/story/2011/03/11/ST2011031100651.html?sid=ST2011031100651 Japan Quake - Tsunami] </ref>
== See also ==
== See also ==