Changes

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 ==

 

*[[Matthew Perry]]

*[[Matthew Perry]]

*[[Nikko]]

*[[Nikko]]