Japan Country Fact Sheet (2008)

U.S. Ambassador to Japan: J. Thomas Schieffer Japanese Ambassador to the United States: Ichiro Fujisaki

PROFILE

Population (2007):		127.8 million
Capital:			Tokyo
Government:			Constitutional Monarchy with a Parliamentary Government
Head of Government:		Yasuo Fukuda (Prime Minister)
Next Election Scheduled:	TBD

ECONOMY

2007 Nominal GDP (Current US$ billion): $4,383.8
2007 Nominal GDP Per Capita (Current US$): $34,312.1*

						2005		2006		2007

Real GDP Growth Rate (%)			1.9		2.4		2.1
Real GDP Per Capita Growth Rate (%)		1.9		2.4*		2.1*
CPI (%)					       -0.3		0.3		0.0
Unemployment (%)				4.4		4.1		3.9

Economic Mix in 2005: 21% Manufacturing; 69% Services; 2% Agriculture

FOREIGN MERCHANDISE TRADE (U.S.$ billions)

						2005		2006		2007

Japan Exports to World				595.3		646.4		714.1
Japan Imports from World			516.2		578.8		622.1
U.S. Exports to Japan				 55.5		 59.6		 62.7
U.S. Imports from Japan				138.0		148.2		145.5
U.S. Trade Balance with Japan			-82.5		-88.6		-82.8

Rank of Japan as U.S. Export Market in 2007: 4th Largest (5.4% of U.S. exports).
Rank of Japan among importers to the U.S. in 2007: 4th Largest (7.5% of U.S. imports).
Principal U.S. Exports to Japan in 2007: Machinery (13%); Aircraft, Spacecraft (11%); Medical Instruments (11%); Electrical Machinery (9%); Cereals (6%).
Principal U.S. Imports from Japan in 2007: Vehicles (39%); Machinery (21%); Electrical Machinery (15%); Medical Instruments (4%); Organic Chemicals (2%).

FOREIGN DIRECT INVESTMENT (U.S.$ billions)

						2005		2006		2007

U.S. FDI in Japan			         81.2		 92.4           101.6
FDI into U.S. from Japan                        189.9	        204.8 	        233.1

Principal Suppliers of Foreign Investment to Japan: United States; Netherlands; France; Cayman Islands; United Kingdom; Singapore; Belgium/Luxembourg.

* Preliminary data.