country : japan 6. Trade Structure: What does your country import and export? Wh
ID: 1197301 • Letter: C
Question
country : japan 6. Trade Structure: What does your country import and export? What are the major industries? What are the probable goods and services for which your country has a comparative advantage? What is the export share of GDP? (World Bank) Has trade been growing? Describe the impact of international transactions on the economy using the balance of payments account. japan International Monetary and Financial Structure: What is the name of your country’s currency? What is its exchange rate against the U.S. dollar? In the last year has the currency appreciated or depreciated against the U.S. dollar? Has the currency of your country been appreciating or depreciating in the last ten years against the U.S. dollar? Have the International Monetary Fund or World Bank played a role in your country’s finances in recent years? What has been the impact on your country of international debt? What has been the impact of the recent global financial crisis?
Explanation / Answer
The top exports of Japan are vehicles(20.9% of total exports), machines, engines and pumps(19.4%),electronic equipment(15.2%), medical, technical equipment(5.9%).
The top imports of Japan are Oil(31.9%),electronic equipment(12.1%), machines, engines and pumps(7.9%),Ores, slash,ash(3.7%).
Major industries in Japan include motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, and processed foods.
The probable goods and services that Japan has a comparitive advantage are electronics and communication and automobiles.
Export of goods and services as a percentage of GDP of Japan according to World Bank data is 16.2% in the year 2013. Yes trade has been going over the years but not significantly.
Japan's currency is Yen. Exchange rate of Yen against US Dollar is 120.97 as of 12th december 2015. In the last year the country has depreciated against US dollar.
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