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Japan has outstanding territorial disputes over the southern four islands of the Kuril Islands, administered by Russia, as well as the Liancourt Rocks (Kr. Dokdo, Jp. Takeshima), occupied by South Korea. The Senkaku Islands (Chinese Diaoyutai) are claimed by China and Taiwan.
Economic growth after World War II made Japan one of the world's wealthiest countries, and also contributed to the development of the Greater Tokyo Area as the world's largest urban sprawl.In the wake of energy crises, Japanese manufacturers cornered the market for small, fuel-efficient cars such as the Honda Civic.Japan's construction industry has been aided by huge civil works projects. One of the most well-known is Kansai International Airport, built on an artificial island at a total cost of $30 billion. Main article: Economy of Japan
Government-industry cooperation, a strong work ethic, mastery of high technology, emphasis on education and a comparatively small defense allocation (1% of GDP) have helped Japan advance with extraordinary speed to become one of the largest economic powers in the world along with the US and European Union. For three decades overall real economic growth had been spectacular: a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s largely because of the after effects of overinvestment during the late 1980s and contractionary domestic policies intended to wring speculative excesses from the stock and real estate markets. Government efforts to revive economic growth have met with little success and were further hampered in 2000- 2001 by the slowing of the US and Asian economies.
Distinguishing characteristics of the Japanese economy include the working together of manufacturers, suppliers, distributors and banks in closely-knit groups called keiretsu; the powerful enterprise unions and shunto; cozy relations with government bureaucrats, and the guarantee of lifetime employment (shushin koyo) in big corporations and highly unionized blue-collar factories. Recently, Japanese companies have begun to abandon these norms in an attempt to increase profitability.
The government of Junichiro Koizumi has enacted or attempted to pass (sometimes with failure) major privatization and foreign-investment laws intended to help stimulate Japan's dormant economy. While some of these laws have been enacted, the economy has yet to respond, and Japan's aging population is expected to place further strain on the economy in the near future.
Japan's small agricultural sector is highly subsidised and protected, with government regulations that favor small-scale cultivation instead of large-scale agriculture as practiced in North America. Imported rice, the most protected crop, is subject to tariffs of 490% and restricted to a quota of only 3% of the total rice market. Although Japan is usually self-sufficient in rice (except for its use in making rice crackers and processed foods), the country must import about 50% of its requirements of other grain and fodder crops, and relies on imports for its supply of meat. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch, prompting some claims that Japan's fishing is leading to overdepletion in fish stocks such as tuna. Japan has also sparked controversy by supporting quasi-commercial whaling.
Industry, one-third of Japan's GDP, is heavily dependent on imported raw materials and fuels. Internationally, Japan is best known for its automotive and electronics industries, as the home of big manufacturers such as Toyota, Honda, Matsushita, Sony, Nissan, and Toshiba. Japan also holds a large market share in high-technology industries such as semiconductors, industrial chemicals, machine tools, and (in recent years) aerospace. Construction has long been one of Japan's largest industries, with the help of multi-billion-dollar government contracts in the civil sector. Robotics constitutes a key long-term economic strength, with Japan possessing 410,000 of the world's 720,000 "working robots."
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