Are Toyota, Toshiba and Sony all owned by the Mitsui Foundation of Japan?

Japan's economy is highly developed, its national living standard is high, and its per capita gross national product (GDP per capita) exceeds 30,000 US dollars, ranking among the top in the world. It is one of the richest, most developed and highest living standards countries in the world. In terms of GDP, according to the international exchange rate, GDP ranks second in the world after the United States, and the per capita GDP ranks 14 in the world. If calculated by purchasing power parity, GDP ranks third in the world (after the United States and China), and per capita GDP ranks 16 in the world. In addition, Japan is the largest creditor country in the world; At the end of 2004, Japan's overseas net assets reached $65,438 +0.8 trillion, which is also the largest in the world.

The government supports industries and enterprises with funds, a strong labor force, high-tech development and a low military budget ratio (1% of GDP), which helps Japan's economy develop at a high speed and become a scientific and technological power and the second largest economic system in the world after the United States. Japan's economy is characterized by close integration of manufacturers, suppliers and distributors, strong enterprise alliances and close teamwork, seniority system and lifelong employment system. Recently, Japanese companies began to give up these systems in part in order to seek more profits.

Japan's service industry, especially banking, finance, shipping, insurance and business services, accounts for the largest proportion of GDP and is in a leading position in the world. Tokyo, the capital, is not only the largest city and economic center in China, but also one of the best financial, shipping and service centers in the world. The annual trading volume of Tokyo Stock Exchange is second only to that of new york Stock Exchange in the world. In 2006, the total market value of Tokyo Stock Exchange reached 549.7 trillion yen, ranking second in the world.

Since World War II, Japan's manufacturing industry has developed rapidly, especially the electronics industry and automobile manufacturing industry. Japan's famous electronics industry and high-tech manufacturers include Sony, Panasonic, Canon, Sharp, Toshiba and Hitachi. In the automobile industry, Japanese companies have surpassed the United States and Germany in automobile production and become the largest automobile producer in the world. Among them, manufacturers such as Toyota, Honda, Nissan and Suzuki all produce cars for the global market. Japan has the largest bank in the world-Postal Savings Bank, Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group, which play an important role in the world financial community.

From11960 s to11980 s, the Japanese economy maintained high growth for more than 20 years, which was regarded as a miracle: in11960 s, Ikeda Hayato's cabinet put forward the "income multiplication plan", and the economy showed an average growth of 10%; In the early days of 1970, despite the oil crisis, it increased by 5% on average. 1980s, with an average growth rate of 4%. From the 1960s to the 1990s, Japan's economy tended to be in a downturn, mainly due to the asset expansion caused by excessive investment in the 1960s and the "bubble" in the securities and real estate markets. Finally, the bubble economy collapsed due to the high surplus rate and the continuous appreciation of the yen. The government's efforts to reform the economy did not achieve immediate results. Since February 2002, Japan's prosperity has been expanding, setting a record for the longest post-war recovery period, and many enterprises have created the best performance in history.