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The Revival of Japanese Manufacturing Industry.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Ishige Hiroyuki
1. Economic recovery driven by manufacturing industry While manufacturing industry makes up about 20% of Japan's GDP, it accounts for 90% of the country's exports and R&D investment (Fig. 1). Accordingly, this industry has a ripple effect on other industries and greatly influences the Japanese economy. To describe the current conditions of Japanese manufacturing industry, the number of employees in FY 2003 has continuously declined compared to the previous year, and the SME sector has been slow to recover. Nevertheless, production has been on a growth trend since the first quarter ...
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