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]
Lost Decade (Japan) The Lost Decade or the Lost 10 Years (失われた十年, Ushinawareta Jūnen) is a period of economic stagnation in Japan following the Japanese asset price bubble's collapse in late 1991 and early 1992. The term originally referred to the years from 1991 to 2000,[1] but recently the decade from 2001 to 2010 is often included,[2] so that the whole period is referred to as the Lost Score or the Lost 20 Years (失われた二十年, Ushinawareta Nijūnen). Broadly impacting the entire Japanese economy, over the period of 1995 to 2007, GDP fell from $5.33 to $4.36 trillion in nominal terms,[3] real wages fell around 5%,[4] while the country experienced a stagnant price level.[5] While there is some debate on the extent and measurement of Japan's setbacks,[6][7] the economic effect of the Lost Decade is well established and Japanese policymakers continue to grapple with its consequences. It took longer to recover from the impact of these events because the conditions imposed by the new environment were not favorable to the Japanese management style at that time.[citation needed]