ECONOMY OF JAPAN The economic history of Japan

ECONOMY OF JAPAN The economic history of Japan is one of the most studied economies for its spectacular growth in three different periods. First was the foundation of Edo (in 1603) to whole inland economical developments, second was the Meiji Restoration (in 1868) to be the first non-European power, third was after the defeat of World War II (in 1945) when the island nation rose to become the world's second largest economy.

Edo period (1603– 1868) � The beginning of the Edo period coincides with the last decades of the Nanban trade period, during which intense interaction with European powers, on the economic and religious plane, took place. It is at the beginning of the Edo period that Japan built her first ocean-going Western-style warships, such as the San Juan Bautista, a 500 ton galleon-type ship that transported a Japanese embassy headed by Hasekura Tsunenaga to the Americas, which then continued to Europe

Infrastructure In 2005, one half of Japan's energy was produced from petroleum, a fifth from coal, and 14% from natural gas. [75] Nuclear power in Japan made a quarter of electricity production but due to the Fukushima Daiichi nuclear disaster there has been a large desire to end Japan's nuclear power program. [76][77] In September 2013, Japan closed its last 50 nuclear power plants nationwide, causing the nation to be nuclear free. [

Himeji Castle Tokyo Stock Exchange

Services Japan's service sector accounts for about three-quarters of its total economic output. [112] Banking, insurance, real estate, retailing, transportation, and telecommunications are all major industries such as Mitsubishi UFJ, Mizuho, NTT, TEPCO, Nomura, M itsubishi Estate, ÆON, Mitsui Sumitomo, Softbank, JR East, Seven & I, KDDI and Japan Airlines counting as one of the largest companies in the world.