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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.
Wiki User
∙ 12y ago
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∙ 13y agoJapan 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.
Wiki User
∙ 7y agoJapan has a mixed economy, not really leaning toward either command or market,
Wiki User
∙ 14y agoYes, Japan is a capitalist country with a market economy.
Wiki User
∙ 13y agomarket economy.
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∙ 14y agofree enterprise
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∙ 15y agoyes
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Is japan a market economy?
yes
Does japan have a common market economy?
IT HAS A MARKET but it doesn't have a BIG NUTS.
Does Japan have a mixed economy?
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.
Which countries have a market 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.
Does Algeria have a market economy?
yes, it has a market economy.
What type of economy does japan have!?
Japan has a market economy.
What type economy does Japan have?
Japan has a market economy.
Is japan a market economy?
yes
Is japan is a mixed market economy?
yes
Does japan have a common market economy?
IT HAS A MARKET but it doesn't have a BIG NUTS.
What is the current economic system for japan and the US?
The US and Japan have what I would describe as a mixed economy; this is a free market, with substantial government regulation.
Does Japan have a mixed economy?
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.
What was Japan system of governments?
well i think that it is a market economy o wait that's south Korea
What was Japan's government system?
well i think that it is a market economy o wait that's south Korea
What is Bolivia economy?
Market Economy.
Does capitalism exist in Japan?
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.
Is Japan a have a command economy?
No Japan has a capitalist economy.
