Aging society and the most recent governmental actions strengthening the international trade can be promising for the companies interested in foreign expansion. In 2050, 1/3 of Japanese people will be over 65. Medical, orthopedical, pharmaceutic and healthcare sectors will be among most dynamic ones.
Japanese currency, yen, is stable and is worth around 110 YEN to 1 USD. Although the fight with deflation is partially successful, it is far from over. On the other hand, since 2009, Japan is lowering the statistics of unemployment. In 2009 International Wok Agency estimated, that it was around 5.1%, and in 2017 – 2.9%. Japan was also able to avoid the explosion of unemployment following the Covid-19 lockdown. In May 2020 the statistics were around 2.9%, 0.3% higher than in 2019.
Japanese economy is still in need of major structural reforms. Agriculture, which employs 3,7% of Japanese citizens, accounts for less than 1% GDP. The government aims to broaden the international cooperation and implement high technologies.