Economic Growth
Over the past 70 years, government-industry cooperations, strong work ethics, mastery of high technologies, and comparatively small defense allocations (which are slightly less than 1%) have helped Japan develop an advanced economy. Measured on a purchasing power parity basis that adjusts for price differences, Japan in 2017 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. Japan successfully restarted one nuclear reactor at the Sendai Nuclear Power Plant in Kagoshima prefecture, and several other reactors around the country have since resumed operations; however, opposition from local governments has delayed several more restarts that remain pending.
Major Industries and Exports
The main industries in Tokyo are: petroleum, liquid natural gas, clothing, semiconductors, coal, audio, visual apparatus, motor vehicles, iron and steel products, auto parts, power generating machinery, and plastic materials. Tokyo's export partners are: the USA, China, South Korea, Hong Kong, and Thailand. Aside from this, Tokyo is among the world's largest and most technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, processed foods. Tokyo's main agricultural products produced by the country are: rice, fish, poultry, fruit, dairy products, pork, beef, flowers, potatoes/taros/yams, sugarcane, tea, legumes, wheat and barley. petrolem production is the main export commodity, and the graph to the right displays it's growth production overtime.
Source: CIA World Factbook
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Petrol Production and Consumption from 2000-2018.
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