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The global economic recession of the late 2000s significantly harmed the economy of Japan. The nation suffered a 0.7% loss in real GDP in 2008 followed by a severe 5.2% loss in 2009. In contrast, the data for world real GDP growth was a 3.1% hike in 2008 followed by a 0.7% loss in 2009. [129]
Timeline. v. t. e. The Japanese asset price bubble (バブル景気, baburu keiki, lit. ' bubble economy ') was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. [ 1] In early 1992, this price bubble burst and Japan's economy stagnated. The bubble was characterized by rapid ...
Extreme altitudes. The summit of Mount Fuji is the highest point in Japan. Hachirogata is the lowest natural point in Japan. / 35.35806°N 138.73111°E / 35.35806; 138.73111 ( Mount Fuji (Highest)) / 40.45278°N 141.53778°E / 40.45278; 141.53778 ( Hachinohe mine (Lowest - man-made))
USD /JPY exchange rate 1971–2023. The yen ( Japanese: 円, symbol: ¥; code: JPY) is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar and the euro. [ 2] It is also widely used as a third reserve currency after the US dollar and the euro.
Agriculture, forestry, and fishing ( Japanese: 農林水産, nōrinsuisan) form the primary sector of industry of the Japanese economy together with the Japanese mining industry, but together they account for only 1.3% of gross national product. Only 20% of Japan's land is suitable for cultivation, and the agricultural economy is highly subsidized.
Japan's indigenous culture originates primarily from the Yayoi people who settled in Japan between 1000 BCE and 300 CE. Yayoi culture spread to the main island of Honshu, mixing with the native Jōmon culture. [5] Modern Japanese have an estimated 80% Yayoi and 20% Jōmon ancestry.
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