Very definitely a market economy. There are some command elements to it, as the government tries hard to spur economic growth. Back in the '80s, when Japanese growth was booming, the Ministry of Trade and Industry (MITI) was feared around the world as the engine behind an economic powerhouse. But for the most part, the government is content to just foster what it considers beneficial initiatives and to let the corporations that form the backbone of the nation's economy find their own way.
There's really no comparison with the classic command economies of the old Soviet Union, with Cuba, or North Korea. Japan is as different from those countries as night is from day.
Japan has been known to be communist AND market. Only a few months ago, the prime minister of Japan resigned, causing this economy to become a market economy.
Japan has a mixed economy, not really leaning toward either command or market,
Yes, Japan is a capitalist country with a market economy.
market economy.
free enterprise
yes
yes
IT HAS A MARKET but it doesn't have a BIG NUTS.
Actually there is no such perfectly free market economy. Every economy is mixed, although the countries may be lined up in economic spectrum depending on their economic freedom. Countries like Japan have mostly free economy and so is considered as a typical mixed economy.
Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.
yes, it has a market economy.
Japan has a market economy.
Japan has a market economy.
yes
yes
IT HAS A MARKET but it doesn't have a BIG NUTS.
The US and Japan have what I would describe as a mixed economy; this is a free market, with substantial government regulation.
Actually there is no such perfectly free market economy. Every economy is mixed, although the countries may be lined up in economic spectrum depending on their economic freedom. Countries like Japan have mostly free economy and so is considered as a typical mixed economy.
well i think that it is a market economy o wait that's south Korea
well i think that it is a market economy o wait that's south Korea
Market Economy.
Yes. Japan is nationally regulated free-market economy, very similar to the United States. However, it is much harder for individuals to invest in the Japanese market because of the Keiretsu system.
No Japan has a capitalist economy.