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Japan's Role as a Global Economic Powerhouse
Japan probably engaged in trade with China and Korea from as early as the third century. In the modern era, trade is increasingly important, especially with a well-crafted economic policy closely administered by the government in alliance with big businesses. Learn more about the critical role that zaibatsus and keiretsus have played in Japan's economic success. Explore how Japan's highly skilled workforce and manufacturing prowess have helped the country become a major global economic powerhouse. Currently ranked the world’s third-largest economy in terms of gross domestic product (GDP), the country is the world's third-largest automobile manufacturing country, has the largest electronic goods industry, and is home to more than 62 of the Fortune Global 500 companies. Understand how the economic bubble of the 1990s impacted the Japanese economy and mind-set.