Japan
Japan has a large industrial capacity, and is home to some of the largest and most technologically advanced producers of motor vehicles, electronics, machine tools, steel and nonferrous metals, ships, chemical substances, textiles, and processed foods. Agricultural businesses in Japan cultivate 13 percent of Japan's land, and Japan accounts for nearly 15 percent of the global fish catch, second only to China. , Japan's labor force consisted of some 65.9 million workers. Japan has a low unemployment rate of around four percent. Some 20 million people, around 17 per cent of the population, were below the poverty line in 2007. Housing in Japan is characterized by limited land supply in urban areas.
Economy of Japan
Japan has the highest ratio of public debt to GDP of any developed nation. However, the national debt is predominantly owned by Japanese nationals. The Japanese economy faces considerable challenges posed by a declining population. Statistics showed an official decline for the first time in 2015, while projections suggest that it will continue to fall from 127 million down to below 100 million by the middle of the 21st century.