Japan ranks 34th of 190 countries in the 2018 ease of
doing business index and has one of the smallest tax revenues of
the developed world.
Japan is the second most populous island
country with a population of 126.3 million in 2019.
Japan, the world's third largest economy, is highly exposed
to external impacts because of its strong dependence on exports. The economy
grew 1.1% in 2018 and is expected to follow the same trend in 2019 (0.9%), led
by strong exports and household consumption.
The industrial sector is highly diversified, manufacturing
products ranging from basic goods (such as steel and paper) to sophisticated
technology. Japan dominates the automobile, robotics, biotechnology,
nanotechnology and renewable energy sectors. Japan is home to several of the
world's largest manufacturers of electronic products
Japan features one of the most modern transportation
infrastructures in the world. The country has 98 airports. A
new Maglev line called the Chuo Shinkansen is being constructed
between Tokyo and Nagoya which is due to be completed in 2027.