Describe the recent economic development and foreign trade of japan
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- The economy of Japan is a highly developed and market-oriented economy. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP).[14][15] and is the world's second largest developed economy.[16] Japan is a member of the G7. According to the International Monetary Fund, the country's per capita GDP (PPP) was at $38,937(2016).[17] Due to a volatile currency exchange rate, Japan's GDP as measured in dollars
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