Japan Overview - third-largest, trade-oriented, and diversified economy; most indebted country; recent infrastructure spending, significant currency devaluations, consumption tax hikes; declining labor force; recent government stimulus largely offset COVID-19 downturn.           
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Japan is slightly smaller than California
STRENGTHS
WEAKNESSES

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                        Japanese Economy Quick Summary Overview
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Economic Overview third-largest, trade-oriented, and diversified economy; most indebted country; recent infrastructure spending, significant currency devaluations, consumption tax hikes; declining labor force; recent government stimulus largely offset COVID-19 downturn GDP (Purchasing Power Parity) $5.231 trillion (2019 est.) GDP per capita (Purchasing Power Parity) $41,430 (2019 est.)

Characteristic 
Fact
Terrain​
mostly rugged and mountainous
note 1: strategic location in northeast Asia; composed of four main islands - from north: Hokkaido, Honshu (the largest and most populous), Shikoku, and Kyushu (the "Home Islands") - and 6,848 smaller islands and islets
note 2: Japan annually records the most earthquakes in the world; it is one of the countries along the Ring of Fire, a belt of active volcanoes and earthquake epicenters bordering the Pacific Ocean; up to 90% of the world's earthquakes and some 75% of the world's volcanoes occur within the Ring of Fire
Percent of English Spoken
​Only 10% Fluent
Population 
​124,687,293 (July 2021 est.)
Target Cities
Tokyo
Main Industries
​among the world's largest and most technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, processed foods
​GDP Growth
​2.36% (2021 Statista)
​Government 
​parliamentary constitutional monarchy
Relevant Trends

Projected ​​Long-term High Growth for Digital Advertising
Higher Inflation, Russia Relations 
​Urbanization
​92% of the total population (2022)​
Internet Connectivity
​92.73% (2019 est.)
​Moody's Credit Rating 
​Aaa
​VAT Tax
10%
​Terrorism Threat
Low
Travel Advisory
Value
Earthquakes Risk
High
Corruption Index Rank
18
Disposable Income Per Capita of OECD Countries
16
Coface Risk Assessment 
A2

                                               Historic & Projected GDP Growth

 Japan suffered economically during the pandemic. It should bounce back through 2022 but afterwards growth is projected to be very modest. 
Statistic: Japan: Real gross domestic product (GDP) growth rate from 2016 to 2026 (compared to the previous year) | Statista
Find more statistics at Statista