12-1 Yurakucho 1-chome
Chiyoda-ku
Tokyo 100
Japan
History of Japan Leasing Corporation
The Japan Leasing Corporation is one of the largest commercial leasing companies in Japan. The company is owned by a diverse combination of Japan's largest companies. This owners' club, which consists of about 80 corporations, includes Ricoh, NEC, Hitachi, Komatsu, Toshiba, Mitsubishi, Marubeni, and the Long Term Credit Bank of Japan, with whom it has especially strong ties.
The company was established by Kiyoshi Ichimura, then head of the Ricoh Company, a manufacturer of automated office equipment and electronic consumer goods. Ichimura founded the company because he saw a potential in Japan for leasing operations similar to those in the United States. He noted that American leasing firms provided small- and medium-sized companies with greater flexibility by allowing them to conserve capital while outfitting offices and factories. Rather than spending millions of dollars at a time purchasing equipment, these companies could merely rent the equipment from a leasing company. In the 1960s Japan was entering a period of very strong export-led economic growth. Even small companies with very little capital, but with the right product and proper marketing, were capable of tremendous growth. The demand for leased property was clearly increasing.
Thus, Ichimura founded the Japan Lease International Corporation on August 1, 1963. Backed by numerous banks, general trading companies (sogoshosya), insurance companies, and manufacturers, the company, was initially capitalized at ¥1 billion ($4.7 million). The company secured financing from banks to purchase equipment; later the door was opened to such direct financing measures as CP issue and lease receivables securitization. In 1964 the company began leasing office machines, and the following year, Japan Lease International started offering maintenance leases of motor vehicle fleets. By 1966 medical equipment leases had become heavily in demand. The company created a Japan Flying Service subsidiary in 1965 to deal in leases of small aircraft. The following year Japan Lease International established the Japan LP Gas Meter Lease Company, a subsidiary dedicated to the lease of household liquid gas fuel meters to consumers.
This period of strong growth in the Japanese economy was characterized by intensive utilization of available capital and feverish acceleration of technological innovation. A given model of equipment was often run into the ground or became obsolete after little more than a year. The demand for leased equipment contributed greatly to Japan Lease International's volume, which by 1966 had exceeded ¥10 billion ($47 million) annually.
The success of the company inspired many imitators, mostly as leasing subsidiaries of banks. Between 1967 and 1969 several companies entered the market as competitors to Japan Lease International. Concerned more with the profitability of their growing industry than individual market share, these companies banded together in 1969 to form the Japan Leasing Association, an organization dedicated to the preservation of favorable regulations for the leasing industry. Ichimura was elected the first chairman of the new group. Partly due to good lobbying efforts, the group won new regulations for an institutional cross-border lease system from the Ministry of International Trade and Industry, Japan's government industry board. This enabled Japan Lease International to engage in larger scale projects, including leasing of aircraft. The expansion of business required several increases in the company's capitalization. Three increases were completed by 1971, raising the company's capitalization to ¥2.5 billion ($11.8 million).
Japan Lease Services, another subsidiary, was created in 1969 to handle maintenance services for the company's fleet of leased automobiles. In 1970 the company established Nippon International Container Services to handle institutional leasing of shipping containers. Japan Lease International carried its expansion to foreign markets in 1971, opening a subsidiary office in the United States. Additional offices were established in Hong Kong in 1972, Singapore in 1973, and Brazil in 1975. The company's clients in these cities were often off-shore affiliates of Japanese companies that were located in these countries. Japan Lease International therefore followed some its most profitable clients to promising new foreign markets.
The energy crisis of 1973 caused serious hardship in oil-dependent Japan. Because of rising uncertainty in industrial markets, few businesses were willing to make further investments in new plant and equipment. As a result, demand even for short-term equipment leases declined sharply. But even under these circumstances, Japan Lease International registered only small declines in its rate of growth. The lapse in demand was only temporary, and did not prevent the company from expanding into a wider variety of equipment leases.
In order to better handle the increasingly diverse nature of its leasing business, the company formed a separate subsidiary, the Japan Machinery Leasing and Sales Company, in 1974. This new unit specialized in large capital leases and supervised the sale of equipment after it had been fully depreciated or was no longer marketable for lease. To avoid disputes with tax authorities about the economic substance of the lease, buy-out options, common on American and many European leasing contracts, are rarely found on Japanese lease contracts. Instead of offering leased capital on an up-front rent-to-own basis, the company provides re-lease options to lessees at reduced rental fees at the conclusion of a lease. In that way, Japan Lease International's mainstay business has been the "finance" lease.
In 1976 the company branched into money lending. Although it was not a bank, it now was functioning in many of the same capital markets. By 1977 the volume of Japan Lease International's contracts exceeded ¥100 billion ($474 million), ten times its volume only ten years earlier.
Japan Lease International changed its English name in 1978 to Japan Leasing Corporation, corresponding to the change of the Japanese name in 1967. Also that year, the company began leasing a larger range of aircraft, including wide body DC-9s and B-747s. Japan Leasing also began to branch into grocery and fast food store leases, providing land and completely outfitted facilities for a franchisee or owner. The company also provided lease arrangements for a number of hotels. By 1980 Japan Leasing's volume exceeded ¥200 billion ($948 million), representing a doubling rate of only three years. That year Japan Leasing established an agency agreement with the China National Machinery Import and Export Corporation, opening the door for equipment leases to firms operating in the People's Republic of China.
A second oil shock in 1979 and 1980 caused further slowdowns in capital spending. Like the 1973 oil shock, this crisis depressed Japan Leasing's sales growth only temporarily, producing a pent-up demand for leases when the crisis had passed. Still, by 1982, competition had grown substantially. That year company President Tetsuo Nishio was forced to rein in costs by initiating a company-wide consolidation program. This effort continued for several years as Japan Leasing continued to lose new business to competitors.
Japan Leasing began making yen-denominated cross-border leasing agreements in 1981. Yen-based cross-border contracts offered lessees lower, more stable interest provisions than other currencies. The first yen leases went for aircraft to China Airlines, Japan Air Lines, Air France, and Air New Zealand. In 1982 Japan Leasing concluded another yen lease agreement with a ¥57 billion contract to supply 555 rail cars to the Belgian National Railways Company. Treated as a product, yen leases contributed greatly to the company's growth. In a further effort to win new sales, Nishio ordered a strengthening of Japan Leasing's investigation procedures. This was intended to improve the company's reaction time and ensure that customers' needs were being met.
Japan Leasing branched into home loans in February of 1982, broadening its competition with banks. By this time, auto leasing became an especially important business to Japan Leasing. As late as 1983 the company maintained leases for only 25,000 automobiles, many of which came with maintenance contracts. By 1989 that number had doubled, causing a need for the creation of another subsidiary dedicated to auto leases. This company, Japan Leasing Auto Corporation, was established in April of 1988.
Japan Leasing established several other subsidiaries during the 1980s, including a United Kingdom office in 1983, a Shanghai-based joint venture called Pacific Leasing, and JLA Credit in the United States in 1985. In 1987 opened JL Tourist, a travel agency. The rapid expansion of business helped to bring sales up to ¥400 billion in 1990. The company's rate of growth, still in double digits, had begun to fall.
Japan Leasing launched several commodities investment funds in 1991 and established new financing arms in the United States and United Kingdom in 1990. In August of that year Japan Leasing helped set up the Fieldstone Private Capital Group, a company specializing in complex structured leasing transactions--mostly consisting of aircraft--and privatizations in the public utilities sector. The company had become increasingly nervous about the aircraft leasing business, particularly as recession-weary markets in Europe and North America threatened to result in overcapacity, a jet glut, and potentially millions of dollars of non-performing assets.
Tetsuo Nishio, now chairman of Japan Leasing, called 1990 a "difficult" year, as the company was only able to register 19.1 percent sales growth. The following year, growth had fallen into single digits, prompting Nishio to start up his consolidation program again. The primary features of this program were concentrated on better utilization of computer systems to improve sales performance. The company announced no lay-offs. Much of the slower sales growth could be attributed to a worldwide recession that began late in 1989. The company mused about its lowered rates of growth by citing the common 30-year cycle of modern corporations. In an executive speech, a director of Japan Leasing suggested that few corporations are able to maintain sales growth indefinitely and are bound mainly by the size of the world market. Under the best conditions, companies exhaust their capacity for double-digit sales growth after 30 years.
This theory may not apply to Japan Leasing. The company's market, which now is international in scope, is populated with many competitors. Japan Leasing has substantial experience in providing machinery and financing for numerous fields, including petroleum and chemical production, mining, forestry, and tourism. As a supplier and possible business partner, Japan Leasing serves an important role in Japan's export-oriented economy. The company facilitates export sales by offering easy terms to foreign customers. Without the assistance of Japan Leasing, manufacturers such as Hino Motors, Komatsu, and Mitsubishi might have had some difficulty making their products affordable in many developing countries.
Principal Subsidiaries: Japan Leasing Auto Corporation; Japan LP Gas Meter Lease Co., Ltd.; Japan Machinery Leasing and Sales Co., Ltd.; Ginza International Hotel Co., Ltd.; Choshu Kanko Kaihatsu Co., Ltd.; Communication Science Corporation; CJK Co., Ltd.; J.L. Rec Corporation; Nippon Mitek Co., Ltd.; J.L. Tourist Corporation; Singapore Leasing International (Pte) Ltd.; Japan Leasing (Hong Kong) Limited; Japan Leasing (USA), Inc.; Japan Leasing do Brasil S.A.; P.T. Central Sari Metropolitan Leasing Corp. (Indonesia); Japan Leasing (UK) Limited; Aviation Capital Enterprises Ltd (UK); Nova Northwest Capital, Inc. (USA); JLA Credit Corporation (USA); Fieldstone Private Capital Group, L.P. (USA); Fieldstone Private Capital Group Ltd. (UK); Fieldstone Private Capital Group (Asia) Ltd. (Hong Kong); Pacific Leasing Corporation (China); ILC Group Ltd. (UK); ILC Finance Ltd. (UK); ILC France S.A.; UNIMET Computer Marketing GmbH. (Germany); ILC Finanziaria SpA./ILC Italia SpA. (Italy).
Related information about Japan
Local name Nihon (Nippon)
Timezone GMT +9 Area
377 728 km²/145 803 sq mi
population total (2002e) 127 347 000 Status
Monarchy Capital Tokyo Language Japanese (official)
Ethnic groups Japanese (99%), with Korean minorities
Religions Shintoist (40%), Buddhist (39%), Christian (4%)
Physical features Island state comprising four large islands
(Hokkaido, Honshu, Kyushu, Shikoku) and several small islands;
consists mainly of steep mountains with many volcanoes; Hokkaido
(N) central range runs N-S, rising to over
2000 m/6500 ft, falling to coastal uplands and plains;
Honshu, the largest island, comprises parallel arcs of mountains
bounded by narrow coastal plains, and includes Mt Fuji,
3776 m/12 388 ft; heavily populated Kanto plain in
E; Shikoku and Kyushu (SW) consist of clusters of low cones and
rolling hills, mostly 1000–2000 m/3000–6000 ft; Ryukyu
chain of volcanic islands to the S, largest Okinawa; frequent
earthquakes notably in Kanto (1923), Kobe (1995). Climate
Oceanic climate, influenced by the Asian monsoon; heavy winter
rainfall on W coasts of Honshu and in Hokkaido; short, warm summers
in N, and severe winters, with heavy snow; variable winter weather
throughout Japan, especially in N and W; typhoons in summer and
early autumn; mild and almost subtropical winters in S Honshu,
Shikoku, and Kyushu; average annual temperatures 5°C (Jan), 25°C
(Jul) in Tokyo. Currency 1 Yen (JPY) = 100 sen
Economy Limited natural resources (less than 20% of land
under cultivation); intensive crop production (principally of
rice); timber, fishing, engineering, shipbuilding, textiles,
chemicals; major industrial developments since 1960s, especially in
computing, electronics, and vehicles. GDP (2002e)
$3·651 tn, per capita $28 700 Human Development
Index (2002) 0·933 History Originally occupied by the
Ainu; developed into small states, 4th-c; culture strongly
influenced by China, 7th-9th-c; ruled by feudal shoguns until power
passed to the emperor, 1867; limited contact with the West until
the Meiji Restoration, 1868; successful war with China, 1894–5;
gained Formosa (Taiwan) and S Manchuria; formed alliance with
Britain, 1902; war with Russia, 1904–5; Russia ceded southern half
of Sakhalin; Korea annexed, 1910; joined allies in World War 1,
1914; received German Pacific islands as mandates, 1919; war with
China; occupied Manchuria, 1931–2; renewed fighting, 1937; entered
World War 2 with surprise attack on the US fleet at Pearl Harbor,
Hawaii, 1941; occupied British and Dutch possessions in SE Asia,
1941–2; pushed back during 1943–5; atomic bombs dropped on
Hiroshima and Nagasaki by allied forces in 1945, ending World War 2
with Japanese surrender; allied control commission took power, and
Formosa and Manchuria returned to China; Emperor Hirohito became
figurehead ruler, 1946; full sovereignty regained, 1952; joined
United Nations, 1958; strong economic growth in 1960s; regained
Bonin, Okinawa, and Volcano Islands, 1972; a constitutional
monarchy with Emperor as Head of State; government consists of a
Prime Minister, Cabinet, and bicameral Diet (Kokkai), with a House
of Representatives and a House of Councillors. Located in the
Pacific Ocean, it
lies to the east of China,
Korea, and Russia, stretching from the
Sea of Okhotsk in
the north to the East
China Sea in the south. Its capital is Tokyo.
At over 377,872 square kilometres (145,898 sq mi), Japan is the 62nd largest country by area. It encompasses over 3,000
islands, the largest of which are Honsh?, Hokkaid?, Ky?sh? and Shikoku. Most of Japan's islands are mountainous, and
many are volcanic,
including the highest peak, Mount Fuji. The Greater Tokyo Area, with over 30 million
residents, is the largest metropolitan area in the world.
Archaeological
research indicates that people were living on the islands of Japan
as early as the upper paleolithic period. The first written mention of
Japan begins with brief appearances in Chinese history texts
from the 1st century AD. Its
culture today is a mixture of outside and internal
influences.
Since it adopted its constitution on May
3, 1947, Japan has
maintained a unitary constitutional monarchy with an emperor and an elected
parliament, the Diet, which is one of the oldest legislative bodies in
Asia. Japan is an economic
world power with the
world's second largest economy, and is the sixth largest
exporter and importer and is a member of the
United Nations,
G8, G4, and APEC. -->
Jomon and Yayoi eras
The first signs of civilization appeared around 10,000 BC with the
Jomon culture,
characterized by a mesolithic to neolithic semi-sedentary hunter-gatherer
lifestyle of pit dwelling and a rudimentary form of agriculture.Many believe
that the Ainu, an
indigenous people found mostly on the northern island of Hokkaid?, are descended from
the Jomon and thus represent descendants of the first inhabitants
of Japan. The Jomon people made decorated clay vessels, often with
plaited patterns.
- Alternatively, the Metropolitan
Museum of Art's Timeline of Art History www.metmuseum.org/toah/splash.htm
notes "Carbon-14 testing of the earliest known shards has yielded
a production date of about 10,500 B.C., but because this date
falls outside the known chronology of pottery development
elsewhere in the world, such an early date is not generally
accepted". www.metmuseum.org/toah/ht/02/eaj/ht02eaj.htm.
The Yayoi
period, starting around 300 BC, marked the influx of new
practices such as rice
farming and iron and
bronze-making brought by
migrants from continental East Asia. Japan first appears in written history in 57
AD, in China's Book of Later Han, as "the people of Wa, formed from more than
one hundred tribes." In the 3rd century, according to China's
Book of Wei, the
most powerful kingdom in Japan was called Yamataikoku.
Classical era
The Yamato
period, from the 3rd century to the 7th century, saw the
establishment of a dominant polity centered in the Yamato area whence arose
the Japanese
imperial lineage.
The kingdom of Baekje
introduced Buddhism to
Japan, and it was promoted by the Japanese ruling class. ISBN
0804705232) Prince
Sh?toku devoted his efforts to the spread of Buddhism and Chinese culture in
Japan. He is credited with bringing relative peace to Japan through
the proclamation of the Seventeen-article constitution.
Starting with the Taika Reform Edicts of 645, the Yamato court intensified
the adoption of Chinese cultural practices and reorganized the
government and the penal code based on the Chinese administrative
structure of the timeThis is in reference to the Ritsury?. This period also saw
the first use of the word as a name for the emerging state.
The Nara period of
the 8th century marked the first emergence of a strong Japanese
state, centered around an imperial court in the city of Heij?-ky?. According to
them Japan was founded in 660 BC by Emperor Jimmu, a descendant of the Shinto deity Amaterasu (the Sun Goddess).
Historians, however, believe the first emperor who actually existed
was Emperor ?jin,
though the date of his reign is uncertain.citeneeded
In the Heian
period, from 794 to 1185, a distinctly indigenous culture
emerged, noted for its art, especially poetry and literature.
Medieval era
Japan's medieval era
was characterized by the emergence of a ruling class of warriors,
the samurai. In 1185,
following the defeat of the rival Taira clan, Minamoto no Yoritomo was appointed Sh?gun and established a base of
power in Kamakura. The Kamakura shogunate managed to repel Mongol
invasions in 1274 and 1281, with assistance from a storm that
the Japanese interpreted as a kamikaze, or
Divine Wind. The ?nin
War (1467 to 1477) is generally regarded as the onset of the
"Warring States" or Sengoku period.
During the 16th century, traders and missionaries from Portugal reached Japan for the first time,
initiating the Nanban ("southern barbarian") period of active
commercial and cultural exchange between Japan and the West.
Oda Nobunaga
conquered numerous other daimyo by using European technology
and firearms, and had
almost unified the nation when he was assassinated in the "Incident at
Honn?ji" in 1582. Hideyoshi twice
invaded Korea, but was thwarted by Korean and Ming Chinese forces.
Edo era
After Hideyoshi's death, Tokugawa Ieyasu utilized his position as the
regent of Hideyoshi's son Toyotomi Hideyori as well as the conflicts among
loyalists of the Toyotomi clan, to gain the support of warlords from
across Japan. Ieyasu was appointed sh?gun in 1603 and established the Tokugawa shogunate at
Edo (modern Tokyo).
After defeating Toyotomi clan, at the Siege of Osaka in 1614
and 1615, the Tokugawas became rulers of Japan, setting up a
centralized feudal system with the Tokugawa shogunate at the head
of the feudal
domains. The study of Western sciences, known as rangaku, continued during
this period through contacts with the Dutch enclave at Dejima in Nagasaki.
Modern Japan
On March 31,
1854, Commodore Matthew
Perry and the "Black
Ships" of the United States Navy forced the opening of Japan to the
West with the Convention of Kanagawa. One of the main figures that
helped bring change was Fukuzawa Yukichi who wrote the article "Leaving Asia", encouraging
Japanese people to be open to change and modernize through Westernization.
Japan adopted numerous Western institutions, including a modern
government, legal system and military. Japan introduced a parliamentary
system modeled after the British
parliament, with It? Hirobumi as first Prime Minister in 1882.
The Meiji era reforms helped transform the Empire of Japan into a
world power and
embarked on number of military conflicts to increase access to
natural resources with victories in the First Sino-Japanese
War (1894-1895) and the Russo-Japanese War (1904-1905). By 1910, Japan
controlled Korea, Taiwan and the southern half of
Sakhalin. Next year,
the unequal
treaties Japan had signed with western powers were
canceled.
The early 20th century saw a brief period of "Taish? In 1936, Japan
signed the Anti-Comintern Pact with Germany, later joining the Axis Powers alliance in
1941.
Japan subsequently attacked the rest of China, starting the Second
Sino-Japanese War (1937-1945) and many countries and islands in
southeast Asia
and the Pacific. In
1941, after suffering from oil embargoes and diplomatic pressure from the United States, United Kingdom and the
Netherlands, Japan
attacked the
United States naval base in Pearl Harbor in response and
declared war on those three powers. Germany subsequently declared war on the United
States four days later, bringing the U.S. into World War II.
After a long campaign in the Pacific War, Japan gradually lost its initial
territorial gains. American forces advanced far enough to begin the
strategic
bombing of cities like Tokyo and Osaka, resulting in the 1945 atomic bombings of Hiroshima and Nagasaki, which together killed about 214,000 people
(mostly civilians).
Possibly the most extensive review and analysis of the various
death toll estimates is in:
After the atomic bombings, Imperial Japan agreed to an unconditional
surrender library.educationworld.net/txt15/surrend1.html. The
formal surrender documents were signed September 2, 1945 (V-J Day). The International Military Tribunal for the Far East (on
May 31946) was convened to prosecute
Japanese leaders for crimes against peace and humanity as well as war crimes
including the Nanking Massacre. In 1947, Japan adopted a new pacifist constitution,
seeking international cooperation and emphasizing human rights and
democratic practices. Official American occupation lasted until 1952 and Japan
was granted membership of the United Nations in 1956. This ended in the 1990s,
when Japan suffered a major recession from which it has since been
slowly recovering.news.bbc.co.uk/1/hi/business/5178822.stm
Government and politics
In academic studies, Japan is generally considered a constitutional
monarchy, based largely upon the British system with strong
influences from European continental civil law
countries such as Germany and France.
The Diet
The Constitution of Japan states that the nation's "highest
organ of state power" is its bicameral parliament, the National Diet (Kokkai). There is universal
adult (over 20 years old) suffrage, with a secret ballot for all elective offices.
The liberal
conservative Liberal
Democratic Party (LDP) has been in power since 1955, except for
a short-lived coalition government formed from its opposition parties
in 1993;
The Prime Minister
The Prime
Minister is the head of government of Japan, although the literal
translation of the title is "Prime Minister of the Cabinet". The
Prime Minister is appointed by the Emperor of Japan after
being designated by the Diet from among its members, and must enjoy the
confidence of the House of Representatives to remain in office.
The Judiciary
Japanese law was historically heavily influenced by Chinese law and developed
independently during the Edo period through texts such as Kujikata
Osadamegaki, but has been largely based on the civil law of Germany since the late 19th
century. Japan is a member state of the United Nations and
currently serving as a non-permanent Security
Council member. It is also one of the "G4 nations" seeking permanent
membership in the Security Council.
Japan is a member of the G8,
the APEC, the "ASEAN plus three", and a participant in the East Asia Summit.
PDFlink As member of the
G8 Japan maintains cordial relations with most countries as a key
trading partner.
Japan has several territorial disputes with its neighbors
concerning the control of certain outlying islands. Japan also has
an ongoing dispute with North Korea over its abduction of Japanese citizens and its nuclear weapons and missile programs.
Military
Japan's military is restricted by Article 9 of the Constitution of Japan of 1946, which states that
"Aspiring sincerely to an international peace based on justice and
order, the Japanese people forever renounce war as a sovereign
right of the nation and the threat or use of force as means of
settling international disputes." Thus, Japan's current
constitution prohibits the use of military force to wage war
against other countries.
Japan's military is governed by the Japan Defense
Agency (JDA) and primarily consists of the Japan Ground
Self-Defense Force, the Japan
Maritime Self-Defense Force, and the Japan Air
Self-Defense Force. The forces have been recently used in
peacekeeping
operations and the deployment of Japanese troops to Iraq marked the first
overseas use of its military since World War II. The former city of Tokyo is further divided into
23 special
wards, which have the same powers as cities.
Japan is currently undergoing administrative reorganization by merging many of the cities, towns, and
villages with each other. This process will reduce the number of
sub-prefecture administrative regions, and is expected to cut
administrative costs.siteresources.worldbank.org/WBI/Resources/wbi37175.pdf
Mabuchi, Masaru, "Municipal Amalgamation in Japan," World Bank,
2001.
Geography
Japan, a country of islands, extends along the eastern or Pacific coast of Asia. The main islands, running
from north to south, are Hokkaid??????,
Honsh????,?or the
mainland), Shikoku????,
and Ky?sh?????. In
addition, about 3,000 smaller islands may be counted in the full
extent of the archipelago.
In some maps published in Japan, the Kuril Islands also are
marked as territory of Japan. About 70 to 80% of the country is
forested, mountainous
encarta.msn.com/encyclopedia_761566679/Japan.html
"Japan," Microsoft® Encarta® Online Encyclopedia 2006
Its location on the Pacific Ring of Fire, at the juncture of three tectonic
plates, gives Japan frequent low-intensity earth tremors and
occasional volcanic activity. Precipitation is light.
- Seto Inland
Sea: The mountains of the Ch?goku and Shikoku regions shelter the region from the seasonal
winds, bringing mild weather throughout the year.
- Pacific Ocean: The east coast experiences cold winters with
little snowfall and hot, humid summers due to the southeast
seasonal wind.
- Southwest
Islands: The Ry?ky? Typhoons are common.
The main rainy season
begins in early May in Okinawa, and the stationary rain front
responsible for this gradually works its way north until it
dissipates in northern Japan before reaching Hokkaid? and Bonin
islands, to temperate broadleaf and mixed forests in the mild
climate regions of the main islands, to temperate
coniferous forests in the cold, winter portions of the northern
islands.
Economy
Japan is an economic world power, with free-market economy ranking second by market exchange rates (with GDP at over $4.5 trillion in 2005) and third after United States and China by purchasing power
parity. As a result it is dependent on other nations for most
of its raw materials.
Government-industry cooperation, a strong
work ethic, mastery
of high technology,
and a comparatively small defense allocation have helped Japan advance with
extraordinary speed to become the second largest economy in the
world. Hence, the Japanese government predicts that recovery will
continue in 2006.
Distinguishing characteristics of the Japanese economy include the
cooperation of manufacturers, suppliers, distributors, and banks in
closely-knit groups called keiretsu(these being Mitsubishi, Sumitomo, Fuyo,
Mitsui, Dai-Ichi Kangyo and
Sanwa); cosy relations
with government bureaucrats, and the guarantee of lifetime employment
(shushin koyo) in big corporations and highly unionized blue-collar factories.
Please add new information there.-->
Japan is among the world's largest and most technologically
advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships,
chemical, textiles, and processed foods, and is
home to some of the largest and most well-known multinational
corporations and commercial brands (see list of Japanese companies). Banking, insurance, real estate, retailing, transportation,
and telecommunications are all major industries.
Japan holds very large market shares in high technology
industries such as electronics, industrial chemicals, machine tools,
electronic
media and (in recent years) aerospace.
Science and technology
Japan is a leading nation in scientific research
and the production of innovative technological products. Some of the most
important industrial contributions include chemicals, metals, semiconductors, robotics, entertainment, machinery, industrial robotics
and optics. It is also
one of the leading nations in health care and medical research and robotics having produced QRIO, ASIMO,
and Aibo, and possesses
more than half (402,200 of 742,500) of the world's industrial
robots used for manufacturing.www.unece.org/press/pr2000/00stat10e.htm
Japan is making headway into aerospace research and space exploration. It
founded its aerospace
exploration agency, Japan
Aerospace Exploration Agency in October 1, 2003 and is involved in many missions and projects, as
well as a possible independent manned mission to the moon, having, from 2005, shifted some of its focus
away from international efforts. Japan must import about 50%
""
target=_blank rel=nofollow
class=elnk>www.skillclear.co.uk/japan/default.asp" of its
requirements of grain and
fodder crops other than rice, and relies on imports for most of its
supply of meat.
In fishing, Japan is ranked second in the world behind China in tonnage of fish caught.
target=_blank rel=nofollow
class=elnk>www.cia.gov/cia/publications/factbook/geos/ja.html#Econ".
Infrastructure and transportation
Japan is unique in that its electric power
transmission runs at different frequencies in different parts of the country —
The household power line voltage is constant 100 V throughout the nation.
Japan has 1,177,278 km
of paved roadways, 173 airports, and 23,577 km of railways as of 2004. Its main export partners are the
US 22.7%, China 13.1%, South Korea 7.8%, Taiwan 7.4% and Hong Kong 6.3%.
Japan's main exports are transport equipment, motor vehicles, electronics, electrical
machinery and chemicals.
As a nation that relies heavily on international trade,
Japan also imports a wide variety of goods. Its main import
partners are China 20.7%,
US 14%, South Korea 4.9%, Australia 4.3%, Indonesia 4.1%, Saudi Arabia 4.1%, UAE 4% (as of 2004). Japan's main
imports are machinery and equipment, fossil fuels, foodstuffs (in particular beef), chemicals, textiles and raw materials for its industries.
Demographics
Population
.
Japan has the highest life expectancy in the world: 85.2 years for women and
78.3 years for men (in 2002).Vital statistics
summary and expectation of life at birth: 1999-2003, United
Nations Statistics Division. Immigration, however, is not popular
as recent increased crime
rates are often attributed to foreigners living in Japan.
Largest cities
Japan has dozens of major
cities, which play an important role in Japan culture,
heritage, and economy.
No. |
Prefecture |
City |
Population |
Rank
|
01 |
Tokyo |
Tokyo(23
special wards) |
8,390,967 |
23 special
wards/The capital of Japan/Prefecture
capital |
02 |
Kanagawa |
Yokohama |
3,579,133 |
[[City designated by government ordinance (Japan)|
Government Ordinance City]] / Prefecture capital
|
03 |
Osaka |
Osaka |
2,640,097 |
Government Ordinance City / Prefecture capital
|
04 |
Aichi |
Nagoya |
2,214,958 |
Government Ordinance City / Prefecture capital
|
05 |
Hokkaid? |
Sapporo |
1,882,424 |
Government Ordinance City / Prefecture capital
|
06 |
Hy?go |
Kobe |
1,525,389 |
Government Ordinance City / Prefecture capital
|
07 |
Kyoto |
Kyoto |
1,474,764 |
Government Ordinance City / Prefecture capital
|
08 |
Fukuoka |
Fukuoka |
1,400,621 |
Government Ordinance City / Prefecture capital
|
09 |
Kanagawa |
Kawasaki |
1,317,862 |
Government Ordinance City
|
10 |
Saitama |
Saitama |
1,185,030 |
Government Ordinance City / Prefecture capital
|
Language
Japan's official language is Japanese (Nihongo), and about 99% of the population speaks
Japanese as their first language. The Ryukyuan languages,
also part of the Japonic language family to which Japanese belongs, are
spoken in Okinawa, but
few children are learning these languages now. Ainu, the language of the
indigenous minority, is moribund, with only a few elderly native speakers remaining
in Hokkaid?. Most
public and private schools require students to take courses in both
Japanese and English.
The Japanese
language is an agglutinative language distinguished by a system of
honorifics
reflecting the hierarchical nature of Japanese society, with verb forms
and particular vocabulary which indicate the relative status of
speaker and listener. The writing system uses kanji (Chinese characters) and two sets of kana (syllabaries based on simplified forms of Chinese
characters), as well as the Roman alphabet and Hindu-Arabic
numerals.
Religion
84% of Japanese people profess to believe both Shinto (the indigenous religion
of Japan) and Buddhismwww.cia.gov/cia/publications/factbook/geos/ja.html#People.
Religion in Japan tends to be syncretic in nature, and this results in a variety of
practices such as parents and children celebrating Shinto rituals, students praying
before exams, couples holding a wedding at a Christian church and funerals being held at
Buddhist temples. A
minority (0.7%) profess to Christianity and other religions (4.7%) like shamanism, Islam, and Hinduism. Almost all
children continue their education at a three-year senior high school, and, according
to basic statics of MEXT, 67.5% of high school graduates attend a
university, junior college, trade
school, or other post-secondary institution in 2006. Japan's education is very
competitive especially at the college level and it has prestigious
and large universities such as University of Tokyo,
University of
Tohoku, Keio
University, Waseda University,Kyoto University,and Hitotsubashi
University.
Culture
Japanese culture has
evolved greatly over the years, from the country's original
Jomon culture to its
contemporary hybrid culture, which combines influences from
Asia, Europe, and North America.
Traditional Japanese
arts include crafts (ikebana, origami, ukiyo-e, dolls, lacquerware, pottery), performances (bunraku, dance, kabuki, noh,
rakugo), traditions
(games,
tea
ceremony, bud?,
architecture, gardens, swords), and cuisine.
Post-war Japan has been heavily influenced by American and European
culture which has led to the evolution of popular band music
(called J-Pop). The fusion
of traditional woodprinting and Western art led to the creation of
manga, a typically
Japanese comic book
format that is now popular in and even outside Japan.
Cuisine
A basic, traditional Japanese meal consists of white Japanese rice with
accompanying tsukemono
(pickles), a bowl of soup, and dishes known as okazu -
fish, meat and vegetable dishes. Foods from
Japan, such as sushi and
ramen, and beverages
including green tea
and sake are recognized
worldwide. The accompanied recitative of the Noh drama dates from the 14th century and the popular
folk music, with the guitarlike shamisen, from the 16th.The Concise Columbia
Encyclopedia 1983 edition ISBN:0-380-63396-5 © Columbia University Press
Western music,
introduced in the late 19th century, now forms an integral part of
the culture, as evident from the profusion of J-Pop artists.
Literature
The earliest works include two history books the Kojiki and the Nihon Shoki, and a
poetry book Man'y?sh? in the eighth century, all written in
Chinese characters.
In the early days of the Heian period, the system of transcription known as
kana (Hiragana
and Katakana) was
invented. The Tale of the Bamboo Cutter is considered the
oldest Japanese narrative. Windows on asia
(Michigan State University) An account of Heian court life is given
by The Pillow
Book, written by Sei Sh?nagon while The Tale of Genji
by Lady
Murasaki is sometimes called the world's first novel.
During the Edo
Period, literature became not so much the field of the samurai
aristocracy as that of the ch?nin, the ordinary people. Natsume S?seki and
Mori ?gai were the
first "modern" novelists of Japan, followed by Akutagawa Ry?nosuke,
Tanizaki
Jun'ichir?, Kawabata Yasunari, Mishima Yukio, and more recently, Murakami Haruki.
Sports and recreation
Beginning in the 12th century Japan developed traditional martial arts known as
bud?, which were popular
among the warrior class. These include judo, karate and kend?. Sumo is
sometimes considered Japan's national sport and is one of its most
popular.
Baseball is
the most popular ball
game in Japan - the professional baseball league in Japan was
established in 1937. One of Japan's most famous baseball players in
major league
baseball is Suzuki
Ichiro, who won a Gold Glove. Japan was a venue of the Intercontinental Cup from 1981 to 2004, and Japan
co-hosted the 2002 FIFA World Cup with South Korea. Rugby, golf,
table tennis,
various martial arts, and fishing are also popular in Japan, as is auto racing, Super GT sports car series and
Formula Nippon
formula racing.
Each year, Japan observes the second Monday in October as Health and Sports
Day. Other major sporting events that Japan has hosted include
the 1972 Winter
Olympics in Sapporo and the 1998 Winter Olympics in Nagano.
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