what is the main source of income in japan
Economy of Japan Japan's service sector accounts for about three-quarters of its total economic output.[130] Banking, insurance, real estate, retailing, transportation, and telecommunications are all major industries such as Mitsubishi UFJ, Mizuho, NTT, TEPCO, Nomura, Mitsubishi Estate, ÆON, Mitsui Sumitomo, Softbank, JR East, Seven & I, KDDI and Japan Airlines counting as one of the largest companies in the world.[158][159] Four of the five most circulated newspapers in the world are Japanese newspapers.[160] The Koizumi government set Japan Post, one of the country's largest providers of savings and insurance services for privatization by 2015.[161] The six major keiretsus are the Mitsubishi, Sumitomo, Fuyo, Mitsui, Dai-Ichi Kangyo and Sanwa Groups.[162] Japan is home to 251 companies from the Forbes Global 2000 or 12.55% (as of 2013).[163]
Japanese economic miracle The second reason that accounts for Japan's rapid recovery from WWII was the outbreak of Korean War, as Japan was favored by the Special Procurement.[10] The Korean War was fought on the Korean Peninsula, and the United States eventually participated in the war, providing an opportunity for the Japanese economy. The Korean Peninsula is distant from US territory, so the logistics soon became a significant problem. As one of the major supporters of the United States in Asia, Japan stood out, providing ample support to logistical operations, and also benefitting from the production of firearms. The order of mass firearms and other material by the United States greatly stimulated the Japanese economy, enabling Japan to recover from the wartime destruction and providing Japan the basis for the upcoming high increasing stage.