UDC 343.533:004.738.5
Biblid: 0543-3657, 63 (2012)
Vol. 63, No 1147, pp. 112-121
DOI:

Izvorni naučni rad
Received: 12 Mar 2012
Accepted: 17 Mar 2023

ADAPTABILITY OF THE JAPANESE ECONOMY TO CHANGABLE ECONOMIC CONDITIONS

Milosavljević Valentina (M.A.), valentinamilosavljevic@yahoo.com

Japan is one of the leading world powers. Taking gross domestic product (GDP) and purchasing power parity (PPP) as parameters, Japan is the third largest economy in the world, behind the USA and China. It differs from other economies by a high degree of adaptability to changes on the world market. The following text is composed of three parts. The first contains a short overview of the history of development of the Japanese economy focusing on the changes that appeared in trade and in the industrial structure as well as on the technological progress that was a driving force of its structural reforms. The second part shows the changes in the Japanese demographic structure analysing their impacts on the Japanese economy, while the third presents the adjustment of Japan’s export structure to new needs on the world market. By analysing the three aspects mentioned above the objective of the paper is to show the way Japan is adapting to changeable economic conditions by taking efficient structural changes in all fields.

Keywords: Japan, leading world power, high degree of adaptability, structural reforms, trading structure, industrial structure, demographic structure