Tag: economy

The Basics of the Japanese Economy – Kavan Choksi

The Basics of the Japanese Economy – Kavan Choksi

In the past, the Japanese economy was known for its manufacturing sector. However, in recent years, the country’s economy has shifted to a service-based economy. According to Japanese economic experts like Kavan Choksi, this has caused some problems for the country. What is the Service-Based Economy? A service-based economy is an economy where most of the GDP comes from services.…