Japan - Economic sectors



Japan rebuilt its economy in the late 1940s and the 1950s to establish itself as the world's second largest economy in the 1980s, a position it still holds as it enters the 21st century. As a result, its 3 main economic

sectors are technologically advanced. Agriculture, the smallest sector, is capable of meeting some domestic needs, though most foodstuffs must be imported. Industry, the second largest sector, has a highly advanced and efficient manufacturing branch that has been the engine of growth for Japan since the 1960s. Its state-of-the art products have captured many markets to ensure healthy annual trade surpluses for Japan. As in all matured industrial economies, services constitute Japan's largest economic sector, and this sector has been growing since the 1980s.

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