Japan relies heavily on the importation and exportation of goods and services to support itself. Due to its lack of domestic resources, Japan has been uniquely forced to reach out to other nations for support in its consumption habits. For example, Japan relies on foreign imports for ninety-six percent of its primary energy needs, and the nearly ninety percent of imported oil comes from the middle east ("Japan's energy supply," 2010). To counteract its high dependence on foreign products, Japan exports many different goods and services. Japan has fairly significant industries to help balance its resource needs- the automotive and electronic goods industries both provide monetary support to the Japanese economy. Japan produced an astounding 9,942,793 vehicles to be sold worldwide in 2012 alone ("Production and export,"2013). Attesting to Japan's substantial automotive industry, Toyota was the world's largest auto maker in 2012 (Dawson, 2013). According to The Wall Street Journal, Toyota sold two million vehicles in the United States alone- a statistic that displays Japan's large reliance on exportation (Dawson, 2013). Below is a comparison of Toyota's manufacturing statistics in regards to General Motors'
Picture
(Dawson, 2013)
Japan's technological industry is a significant monetary force in the nation. In fact, the sale and trade of consumer electronics accounts for around a third of Japan's economic output (Hays, 2009). Electronic companies such as Sony and Hitachi sell products worldwide and the exportation of their products helps support the Japanese economy. Additionally, many Japanese companies produce eighty percent of the components that are used in the manufacturing of products like the iPod (Hays, 2009). This illustrates that where Japan lacks in domestic resources, it counteracts this disadvantage with the production of other goods and services the world needs.

I personally believe globalization has been both good and bad for the nation of Japan. On one hand, Japan receives resources that it desperately needs like fuel and natural gas. Without the interdependence of other nations, Japan could not possibly support its staggering consumption habits. On the other hand, Japan is at an incredible disadvantage when it comes to these resources. While it is beneficial that it receives the resources it needs, the reliance on foreign goods has certainly taken its toll on the nation's economy. Japan is currently experiencing a recession and the constant reliance on imports definitely isn't helping. With this weak economy, certain Japanese industries, like the electronic goods industry, have faced hardships. For example, products from companies like Apple have sold well in Japan and have greatly increased the competition (Hays, 2009). While I believe Japan greatly benefits from globalization because it receives the goods and services it needs, I also believe it is negatively impacted by it through forces like competition and economic hardship.

Japan’s energy supply situation and basic policy. (2010). Retrieved from http://www.fepc.or.jp/english/energy_electricity/supply_situation/

Production and export summary. (2013). Retrieved from http://www.jama-english.jp/statistics/production_export/2012/130131.html

Dawson, C. (2013). Toyota again world's largest auto maker. Retrieved from http://online.wsj.com/article/SB10001424127887323375204578269181060493750.html

Hays, J. (2009). Japanese electronics industry. Retrieved from http://factsanddetails.com/japan.php?itemid=922&catid=24&subcatid=157
12/2/2014 06:05:28 am

Thank you so much, you have no idea how much this helped me, like for real. :D

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1/29/2016 01:22:19 pm

this is sooooooo useful... doing japan progect atm... need the help.
any preachings going spare???

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1/29/2016 01:25:14 pm

why did i ever need to look around for info... in future i intend to go staight to this.

ever tried looking up Laurel and Hardy... you wont regret it!!!

Jesse
12/2/2014 03:18:10 pm

Of course. Even though I made this website like two years ago, it's nice to see people are still finding it helpful.

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william
12/7/2015 11:45:48 am

it gives a good supply oh information

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Nick
1/6/2016 12:40:28 pm

totally used a lot of this for my assignment, thanks!

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1/29/2016 01:26:53 pm

i just got a new phone...
so cool...
can now message my boyfriend again
sorry to bother
bye

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1/25/2017 09:56:48 am

Y'all are all fake you probably are the websites creators but hey it is still pretty darn helpful thanks XD

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    Jesse Kephart

    Attending Arizona State University. Likes Jello. Dislikes dirty laundry.

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    Heading Photo Source: (2012). Japan flag. (2012). [Web Photo]. Retrieved from http://th04.deviantart.net/fs71/PRE/f/2011/231/1/8/japan_flag_by_think0-d475b7l.jpg