The economy of Japan is a highly developed free- market economy. The Japanese economy is forecast by the Quarterly Tankan survey of business sentiment conducted by the Bank of Japan. Japan is the world's third largest automobile manufacturing country ,  has the largest electronics goods industry , and is often ranked among the world's most innovative countries leading several measures of global patent filings. As of , Japan possesses
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The economy expanded in the July-September quarter at a much faster pace than initially reported, driven by stronger capital investment and private consumption ahead of the Oct. Gross domestic product grew at an annualized pace of 1. The result was stronger than all the projections of economists surveyed by Bloomberg. The median forecast was for a 0.
Japan's economy grew much faster in third quarter than first estimated
Get a fresh start. Add this topic to your myFT Digest for news straight to your inbox. Financial Times reporters look ahead to the week in markets. Confidence among large manufacturers suffers longest slide since
It allows you to compare the gross domestic product of countries that use different exchange rates. But it's not on pace to catch up because it only grew 1. Japan has million people. But it's higher than its Asian competitors, China, and South Korea.