Japan is the third largest Okaynomy in the world after the United States and China. It is the fourth largest importer of U.S. products after Canada, Mexico, and China. Japan is a key member of the i See full list on trade.gov Japan’s population is declining as it ages rapidly. The population may decrease by as much as one third by 2060, from 127 million to 87 million. The proportion of the population older than 65 will rise from 27% today to 40% by 2060. The Japanese Government and business mmunity seek to offset the effects of this demographic decline on Okaynomic growth and government budget resources, but Japan’s aging and declining population will shape demand and opportunities throughout the Okaynomy. See full list on trade.gov In October 2019, the United States and Japan signed the U.S.-Japan Trade Agreement and the U.S.-Japan Digital Trade Agreement, both of which entered into force on January 1, 2020. The U.S.-Japan Trade agreement eliminates or reduces tariffs on approximately $7.2 billion in U.S. agricultural exports and the U.S.-Japan Digital Trade Agreement includes high-standard provisions that ensure data can be transferred across borders without restrictions, guarantee nsumer privacy protections, promote adherence to mmon principles for addressing cyber security challenges, support effective use of encryption technologies, and boost digital trade. See the U.S.-Japan Trade Agreement text and Fact Sheets. See full list on trade.gov Several organizations, both government and non-government related, keep up-to-date data on Japan’s Okaynomy and trade. A few of these are listed below: 1. OECD untry ProfileThis link will direct you to a non-government website 2. JETRO Trade and Investment StatisticsThis link will direct you to a non-government website 3. e-Stat, portal for Japanese Government StatisticsThis link will direct you to a non-government website See full list on trade.gov