How Japan is so rich?
Japan is the third largest economy in the world after the United States and China and the United States is the fourth largest export market after China and Germany. Japan has very close economic ties with the United States of America the European Union Latin America Australia China and many other countries.
How did Japan become a rich and developed country?
Japans industrial sector has grown exponentially with a highly educated population. Applying Western ideas of capitalism to technological development and applying it to its military allowed Japan to become a military and economic powerhouse at the turn of the century.
What is Tokyo main source of income?
Tokyos diverse industries include electronics manufacturing transportation automobiles cameras and optical equipment furniture textiles and a wide variety of consumer goods as well as publishing and printing.
Why is poverty high in Japan?
A number of factors have been found to be associated with the working poor including deficiencies in the public assistance system for single-parent families unstable employment and an insufficient minimum wage to meet a minimum standard of living.
Why is Japan in poverty?
Poverty is not having enough money to meet the basic needs of food clothing and shelter. But poverty is more than not having enough money. The World Bank Institute defines poverty. Poverty is hunger.
How does Japan survive with so much debt?
A common explanation for Japans ability to accumulate debt without incurring high borrowing costs is that most of its government bonds are held by domestic investors and financial institutions.