Research and Markets: PESTLE Analysis of Japan 2013 Report Analyzes the Impact of Different Macroeconomic Factors of Japan on Different Industries
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/lwz5rq/pestle_analysis) has announced the addition of the "PESTLE Analysis of Japan 2013" report to their offering.
The GDP of the third largest economy in the world, Japan, is expected to grow at a declining rate and reach an estimated $5.94 trillion by 2018 at the current price. Decrease in domestic consumption as a result of declining population is expected to affect the economic growth. The country, however, will be benefitted from significant exports due to recovery of the US economy and depreciating yen against the US dollar.
The government is spending of $53 billion for public works, and employment is likely to support moderate growth of the Japanese economy.
As per the study, Japan is likely to face issues related to aging population in the coming years which can cause problems for Japanese economy. The country's debt has increased to 238% of GDP. Increasing fiscal deficit decreases the ability of a government to increase spending to stimulate the economy.
The economy has positive aspects as well. Strengths of the Japanese economy are high standard of living, educated workforce, higher Human Development Index (HDI), increasing urbanization, low corruption, and low homicide rate. The basic social factor affecting the Japanese economy is the increasing dependency ratio of the country. The country has well defined investment policies and support from government and industry associations which encourage free trade. The service sector of Japan is the major contributor to GDP and the key driver for growth of economy. The service sector is likely to expand in upcoming years. Industries in the service sector such as transport, infrastructure, information and communication, finance and insurance, business services, real and estate, etc. are driving the growth.
For more information visit http://www.researchandmarkets.com/research/lwz5rq/pestle_analysis
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