The current population of Japan is 127 million, which is equivalent to 1.67% of the total world population. The population density in Japan is 904 people / sq. mile, and 93.8% of the population is urban (119,327,813 people in 2018). The median age in Japan is 46.7 years.
GDP $4.872 trillion (nominal; 2017). It is the world’s third-largest economy by nominal GDP and the fourth-largest by purchasing power parity (PPP). The country ranks 23rd in per capita GDP (nominal) at $38,440 and in 28th per capita GDP (PPP) with $42,659 as of 2017. Click here for the U.S. Commercial Service’s Japan Commercial Guide.
Japan is ranked 34th in Ease of Doing Business ranking by the World Bank in 2018. Click here for their Japan fact sheet. Japan has the largest electronics industry and the third largest automobile industry in the world. Other large industries include manufacturing, machine tools, chemicals, textiles, and processed foods. Japan’s economy is well-known by its efficienty and competitiveness in exports oriented sectors, but productivity is lower in areas such as agriculture, distribution, and services.
JETRO (Japan External Trade Organization) provides business support services to companies expanding to Japan. It is a non-profit organization that connects businesses with the resources they need to successfully expand to Japan. JETRO provides various services, including but not limited to, business consultations, business matching program, company setup, visa application support, and more.
Austin – Oita Relationship
The Austin – Oita Sister City Committee fosters goodwill between the sister cities through exchange activities focused on the areas of culture, education, business and government. Oita is located on the island of Kyushu, and has heavy chemical industry including steel, petrochemicals, and copper. Oita is also known for its hospitality and fishing industries.