Future of the Japan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022 - Product Image

Future of the Japan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

  • ID: 4342143
  • Report
  • Region: Japan
  • 158 Pages
  • Strategic Defence Intelligence
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FEATURED COMPANIES

  • Airbus Group
  • BAE Systems
  • Lockheed Martin
  • NEC Corporation
  • Raytheon Company
  • Toshiba Corporation
  • MORE

Summary

Japan’s military force comprises the Japan Ground Self-Defense Force (JGSDF), or army, the Japan Maritime Self-Defense Force (JMSDF), or navy, and the Japan Air Self-Defense Force (JASDF), or air force. In addition to these, the Japanese defense budget also includes expenditure on the Special Action Committee on Okinawa (SACO) and US force realignment. During the historic period, the total defense budget, including funding for SACO and US force realignment, witnessed a CAGR of -8.36% to value US$45.4 billion in 2017, compared to US$49 billion in 2013.

Japanese homeland security budget represents the budget of the National Police Agency of Japan. It stood at US$2.5 billion in 2013 and showed an increasing trend to value US$2.8 billion in 2017, reflecting a CAGR of 3.39% during the historic period. However, the homeland security budget is projected to increase at a CAGR of 2.41% over the forecast period to value US$3.2 billion in 2022.

Japanese defense budget is expected to grow at a CAGR of 2.50% during the forecast period to value US$51.1 billion by 2022. The country’s defense expenditure is expected to be largely driven by efforts to combat the threat North Korea’s rising military strength, the Chinese intrusion on offshore islands within the vicinity of the country, and Russian activities in the disputed Northern territory. As a percentage of GDP, the country’s defense expenditure is expected to average 0.92% over the forecast period.
Aircraft accounted for the largest share of imports during 2012-2016, with the US being the biggest supplier. The country acquired transport and multi-purpose aircraft and aegis equipped destroyers from the US. Missiles, engines, sensors, naval weapons, air defense systems and air defense systems were other major imports during 2012-2016, from countries including the UK, Sweden, Germany, and Australia.

The report “Future of the Japan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022” offers detailed analysis of Japanese defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -

  • Japanese defense industry market size and drivers: Detailed analysis of Japanese defense industry during 2018–2022, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.
  • Budget allocation and key challenges: Insights into procurement schedules formulated within the country and a breakdown of the defense budget. It also details the key challenges faced by defense market participants within the country.
  • Porter’s Five Force analysis of Japanese defense industry: Analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry.
  • Import and Export Dynamics: Analysis of prevalent trends in the country’s imports and exports over the last five years.
  • Market opportunities: Details of the top five defense investment opportunities over the next 10 years.
  • Competitive landscape and strategic insights: Analysis of the competitive landscape of Japanese defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Companies mentioned in this report: Lockheed Martin, Raytheon Company, BAE Systems, Airbus Group, NEC Corporation, Toshiba Corporation, Mitsubishi Heavy Industries (MHI), Kawasaki Heavy Industries (KHI), Ishikawajima–Harima Heavy Industries Co. Ltd. (IHI) and Mitsubishi Electric Corporation.

Scope

  • Japan’s military force comprises the Japan Ground Self-Defense Force (JGSDF), or army, the Japan Maritime Self-Defense Force (JMSDF), or navy, and the Japan Air Self-Defense Force (JASDF), or air force. In addition to these, the Japanese defense budget also includes expenditure on the Special Action Committee on Okinawa (SACO) and US force realignment. During the historic period, the total defense budget, including funding for SACO and US force realignment, witnessed a CAGR of -8.36% to value US$45.4 billion in 2017, compared to US$49 billion in 2013.
  • Capital expenditure allocation, which stood at an average of 53.9% during the historic period, is expected to decline marginally during the forecast period to 53.8%, primarily due to the similar trends in procurement patterns. The key sectors are infrastructure construction, reconnaissance and surveillance aircraft, facilities management, and destroyer and transport aircraft.
  • The Japan MoD is expected to invest in infrastructure construction,reconnaissance and surveillance aircraft, facilities management, destroyers and transport aircraft.

Reasons to Buy

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of Japanese defense industry market trends for the coming five years
  • The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
  • Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of Japanese defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
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FEATURED COMPANIES

  • Airbus Group
  • BAE Systems
  • Lockheed Martin
  • NEC Corporation
  • Raytheon Company
  • Toshiba Corporation
  • MORE

1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary threat perception
3.1.2. Military Doctrine and Strategy
3.1.3. Military Fleet Size
3.1.4. Procurement Programs
3.1.5. Ongoing procurement programs
3.1.6. Future procurement programs
3.1.7. Social, Political and Economic Environment and Support for Defense Projects
3.1.8. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Japan to cumulatively invest US$240.9 billion in the defense sector over the forecast period
3.2.2. Japan defense budget (excluding SACO and US force related expenditure) to increase to US$49.1 billion by 2022
3.2.3. Japan SACO and US force related expenditure to increase to US$2 billion by 2022
3.2.4. Nuclear missile development programs of North Korea, strategic challenges from China, and a territorial issue with Russia are the main factors driving the Japanese defense industry
3.2.5. Defense expenditure as a percentage of GDP expected to average 0.93% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. The Ministry of Defense is expected to allocate an average of 55.9% towards capital expenditure during the forecast period
3.3.2. The Ministry of Defense is expected to divert an additional cumulative average of 3.8% towards SACO/US realignment expenditure during the forecast period
3.3.3. Procurement of equipment is expected to pick up over the forecast period
3.3.4. The Japanese army accounts for the largest percentage share of the overall defense budget
3.3.5. Ground-Self Defense Force (GSDF) defense expenditure expected to increase over the forecast period
3.3.6. Air-Self Defense Force (ASDF) expenditure to cumulatively value US$53.1 billion over the forecast period
3.3.7. Japanese Maritime Self-Defense Force (MSDF) defense expenditure to grow at a CAGR of 2.68% over the forecast period
3.3.8. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Intrusion in coastal areas, organized crime, and natural disasters are expected to drive Japanese homeland security expenditure
3.4.2. Japan faces “moderate risk” of terrorism
3.4.3. Japan faces a moderate level of threat from foreign terrorist organizations
3.4.4. Japan has a terrorism index score of 2.4
3.5. Benchmarking with Key Global Markets
3.5.1. Japan is the seventh-largest defense spender globally
3.5.2. Japan’s defense expenditure is low compared to the US, China, and Russia
3.5.3. Japanese defense budget as a percentage of GDP is expected to remain constant at 0.93% over the forecast period
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Infrastructure Construction
3.6.2. Reconnaissance and Surveillance Aircraft
3.6.3. Facilities Management
3.6.4. Destroyer
3.6.5. Transport Aircraft

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Japan to sign new defense import programs with foreign countries
4.1.2. Procurement of F-35 aircraft to increase defense imports marginally over the forecast period
4.1.3. The US was the key defense supplier to Japan
4.1.4. Aircraft and missiles were the key defense imports during 2012-2016
4.2. Export Market Dynamics
4.2.1. Relaxation in export policies to boost Japanese exports

5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining Power of Supplier: Low
5.1.2. Bargaining Power of Buyer: High
5.1.3. Barrier to Entry: High
5.1.4. Intensity of Rivalry: High
5.1.5. Threat of Substitution: Medium

6. Market Entry Strategy
6.1. Market Regulation
6.1.1. No offset policy in Japan
6.1.2. Modified defense policies to augurs well for foreign investment in defense sphere
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. Affiliation with Japanese defense companies can be used as an entry strategy
6.2.4. Foreign military sales to Japan
6.2.5. Entry through technology transfer program
6.2.6. Relaxation in existing policy can be used as an entry route
6.3. Key Challenges
6.3.1. Domestic companies fail to achieve economies of scale
6.3.2. Japanese export policy still poses a challenge for domestic defense companies
6.3.3. Opposition by Japanese civilians

7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Foreign Competitors
7.2.1. Lockheed Martin: Overview
7.2.2. Lockheed Martin: Products
7.2.3. Lockheed Martin: Recent Announcements and Strategic Initiatives
7.2.4. Lockheed Martin: Alliances
7.2.5. Lockheed Martin: Recent Contract Wins
7.2.6. Lockheed Martin: Financial Analysis
7.2.7. Raytheon: Overview
7.2.8. Raytheon: Products
7.2.9. Raytheon: Recent Announcements and Strategic Initiatives
7.2.10. Raytheon: Alliances
7.2.11. Raytheon: Recent Contract Wins
7.2.12. Raytheon: Financial Analysis
7.2.13. BAE Systems: Overview
7.2.14. BAE Systems: products
7.2.15. BAE Systems: Recent Announcements and Strategic Initiatives
7.2.16. BAE Systems: Alliances
7.2.17. BAE Systems: Recent Contract Wins
7.2.18. BAE Systems: Financial Analysis
7.2.19. Airbus Group: Overview
7.2.20. Airbus Group: Defense Products and Services
7.2.21. Airbus Group: Recent Announcements and Strategic Initiatives
7.2.22. Airbus Group: Recent Contract Wins
7.2.23. Airbus Group: Financial Analysis
7.3. Key Domestic Companies
7.3.1. NEC Corporation: Overview
7.3.2. NEC Corporation: products and services
7.3.3. NEC Corporation: Recent Contracts and Strategic Initiatives
7.3.4. NEC Corporation: Alliances
7.3.5. NEC Corporation: Recent Contract Wins
7.3.6. NEC Corporation: Financial Analysis
7.3.7. Toshiba Corporation: Overview
7.3.8. Toshiba Corporation: Defense Products
7.3.9. Toshiba Corporation: Recent Announcements and Strategic Initiatives
7.3.10. Toshiba Corporation: Alliances
7.3.11. Toshiba Corporation: recent contract wins
7.3.12. Toshiba: Financial Analysis
7.3.13. Mitsubishi Heavy Industries: Overview
7.3.14. Mitsubishi Heavy Industries: Defense Products
7.3.15. Mitsubishi Heavy Industries: Recent Announcements and Strategic Initiatives
7.3.16. Mitsubishi Heavy Industries: Alliances
7.3.17. Mitsubishi Heavy Industries: Recent Contract Wins
7.3.18. Mitsubishi Heavy Industries: Financial Analysis
7.3.19. Kawasaki Heavy Industries: Overview
7.3.20. Kawasaki Heavy Industries: Defense Products
7.3.21. Kawasaki Heavy Industries: Recent Announcements and Strategic Initiatives
7.3.22. Kawasaki Heavy Industries: Alliances
7.3.23. Kawasaki Heavy Industries: Recent Contract Wins
7.3.24. Kawasaki Heavy Industries: Financial Analysis
7.3.25. Ishikawajima-Harima Heavy Industries Co. Ltd.: Overview
7.3.26. Ishikawajima - Harima Heavy Industries Co. Ltd.: Products
7.3.27. Ishikawajima-Harima Heavy Industries Co. Ltd.: Recent Announcements and Strategic Initiatives
7.3.28. Ishikawajima-Harima Heavy Industries Co. Ltd.: Alliances
7.3.29. Ishikawajima-Harima Heavy Industries Co. Ltd.: recent contract wins
7.3.30. Mitsubishi Electric Corporation: Overview
7.3.31. Mitsubishi Electric Corporation: Products
7.3.32. Mitsubishi Electric Corporation: Recent Announcements and Strategic Initiatives
7.3.33. Mitsubishi Electric Corporation: Alliances
7.3.34. Mitsubishi Electric Corporation: Recent Contract Wins
7.3.35. Mitsubishi Electric Corporation: Financial Analysis

8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP per capita at Constant Prices
8.1.2. GDP at Current Prices (US$)
8.1.3. Exports of Goods and Services (current LCU billion)
8.1.4. Imports of Goods and Services (current LCU billion)
8.1.5. Gross National Disposable Income (US$ billion)
8.1.6. LCU per US$ (period average)
8.1.7. Market Capitalization of Listed Companies (US$ billion)
8.1.8. Market Capitalization of Listed Companies (% of GDP)
8.1.9. Government Cash Surplus/Deficit as a percentage of GDP (LCU)
8.1.10. Goods Exports as a percentage of GDP
8.1.11. Goods Imports as a percentage of GDP
8.1.12. Services Imports as a percentage of GDP
8.1.13. Service Exports as a percentage of GDP
8.1.14. Foreign Direct Investment, net (BoP, current US$ billions)
8.1.15. Net Foreign Direct Investment as a percentage of GDP
8.1.16. Mining, Manufacturing, Utilities Output (US$ billion)

9. Appendix
9.1. About
9.2. Disclaimer

List of Tables

Table 1: The Japanese Army Strength
Table 2: Japanese Navy Strength
Table 3: Japanese Air Force Strength
Table 4: Japan - Ongoing Procurement Programs
Table 5: Japan - Future Procurement Programs
Table 6: Japanese Defense Expenditure (JPY billion & US$ billion), 2013-2022
Table 7: Japanese Defense Budget (JPY billion & US$ billion), 2013-2022
Table 8: Japanese SACO and US force related expenditure (JPY billion & US$ billion), 2013-2022
Table 9: Japanese GDP Growth and Defense Expenditure as Percentage of GDP, 2013-2022
Table 10: Japanese Defense Budget Split between Capital, Revenue, 2013-2022
Table 11: Japanese Capital Expenditure (JPY billion & US$ billion), 2013-2022
Table 12: Japanese Defense Expenditure Breakdown (%), 2013-2022
Table 13: Japanese Defense Expenditure for Ground-Self Defense Force (GSDF) or Army (JPY billion & US$ billion), 2013-2022
Table 14: Japanese Defense Expenditure for Air Self-Defense Force (ASDF) or Air Force (JPY billion & US$ billion), 2013-2022
Table 15: Japanese Defense Expenditure for Maritime Self-Defense Force (MSDF) or Navy (JPY billion & US$ billion), 2013-2022
Table 16: Japanese Per Capita Defense Expenditure (US$), 2013-2022
Table 17: Japanese Homeland Security Expenditure (JPY billion & US$ billion), 2013-2022
Table 18: Terrorism Index, 2017
Table 19: Benchmarking with Key Markets - 2013-2017 vs. 2018-2022
Table 20: Japanese Budget Formation Timetable:
Table 21: FMS deals to Japan
Table 22: Cost Comparison of Defense Equipment in Japan and the US
Table 23: Competitive Landscape of the Japanese Defense Industry
Table 24: Lockheed Martin - Product Focus
Table 25: Lockheed Martin - Alliances
Table 26: Lockheed Martin - Recent Contract Wins
Table 27: Raytheon - Product Focus
Table 28: Raytheon - Alliances
Table 29: Raytheon - Recent Contract Wins
Table 30: BAE Systems - Product Focus
Table 31: BAE Systems - Alliances
Table 32: BAE Systems - Recent Contract Wins
Table 33: Airbus Group - Product Focus
Table 34: Airbus Group - Recent Contract Wins
Table 35: NEC Corporation - Product Focus
Table 36: NEC Corporation - Alliances
Table 37: NEC Corporation - Recent Contract Wins
Table 38: Toshiba Corporation - product focus
Table 39: Toshiba Corporation - Alliances
Table 40: Toshiba Corporation - Recent Contract Wins
Table 41: Mitsubishi Heavy Industries - product focus
Table 42: Mitsubishi Heavy Industries - Alliances
Table 43: Mitsubishi Heavy Industries - Recent Contract Wins
Table 44: Kawasaki Heavy Industries - Product Focus
Table 45: Kawasaki Heavy Industries - Alliances
Table 46: Kawasaki Heavy Industries - Recent Contract Wins
Table 47: Ishikawajima-Harima Heavy Industries Co. Ltd - Product Focus
Table 48: Ishikawajima-Harima Heavy Industries Co. Ltd. - Alliances
Table 49: Ishikawajima-Harima Heavy Industries Co. Ltd. - Recent Contract Wins
Table 50: Mitsubishi Electric Corporation - Product Focus
Table 51: Mitsubishi Electric Corporation - Alliances
Table 52: Mitsubishi Electric Corporation. - Recent Contract Wins

List of Figures

Figure 1: Japanese Defense Expenditure (JPY Billion), 2013-2022
Figure 2: Japanese Defense Expenditure (US$ Billion), 2013-2022
Figure 3: Japanese Defense Budget (JPY Billion), 2013-2022
Figure 4: Japanese Defense Budget (US$ Billion), 2013-2022
Figure 5: Japanese SACO and US force related expenditure (JPY Billion), 2013-2022
Figure 6: Japanese SACO and US force related expenditure (US$ Billion), 2013-2022
Figure 7: Japanese GDP Growth vs. Defense Expenditure as Percentage of GDP, 2013-2022
Figure 8:Japanese Defense Budget Split between Capital, Revenue, 2013-2022
Figure 9:Japanese Defense Budget Split between SACO and the US Forces Realignment
Figure 10: Japanese Capital Expenditure (JPY billion), 2013-2022
Figure 11: Japanese Capital Expenditure (US$ billion), 2013-2022
Figure 12: Japanese Defense Expenditure Breakdown (%), 2013-2022
Figure 13: Japanese Defense Expenditure for Ground-Self Defense Force (GSDF) or Army (JPY billion), 2013-2022
Figure 14: Japanese Defense Expenditure for Ground-Self Defense Force (GSDF) or Army (US$ Billion), 2013-2022
Figure 15: Japanese Expenditure for Air Self-Defense Force (ASDF) or Air Force (JPY billion), 2013-2022
Figure 16: Japanese Expenditure for Air Self-Defense Force (ASDF) or Air Force (US$ Billion), 2013-2022
Figure 17: Japanese Expenditure for Maritime Self-Defense Force (MSDF) or Navy (JPY billion), 2013-2022
Figure 18: Japanese Expenditure for Maritime Self-Defense Force (MSDF) or Navy (US$ Billion), 2013-2022
Figure 19: Japanese Per Capita Defense Expenditure (US$), 2013-2022
Figure 20: Japanese Homeland Security Budget (JPY billion), 2013-2022
Figure 21: Japanese Homeland Security Budget (US$ Billion), 2013-2022
Figure 22: Terrorism Heat Map, 2017
Figure 23: Terrorism Index, 2017
Figure 24: Benchmarking with Key Markets - 2013-2017 vs. 2018-2022
Figure 25: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2017 & 2022
Figure 26: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2017
Figure 27: Infrastructure Construction Market Size (US$ Million), 2017-2027
Figure 28: Reconnaissance and Surveillance Aircraft Market Size (US$ Million), 2017-2027
Figure 29: Facilities Management Market Size (US$ Million), 2017-2027
Figure 30: Destroyer Market Size (US$ Million), 2017-2027
Figure 31: Transport Aircraft Market Size (US$ Million), 2017-2027
Figure 32: Japanese Defense Import Trend, 2012-2016 (TIV values)
Figure 33: Japanese Defense Imports by Country (%), 2012-2016
Figure 34: Japanese Defense Imports by Category (%), 2012-2016
Figure 35: Industry Dynamics - Porter’s Five Forces Analysis
Figure 36: Structure of the new Japanese defense equipment agency
Figure 37: Lockheed Martin Corp. - Revenue Trend Analysis (US$ Billion), 2012-2016
Figure 38: Lockheed Martin Corp. - Operating Profit Trend Analysis (US$ billion), 2012-2016
Figure 39: Lockheed Martin Corp. - Net Profit Trend Analysis (US$ billion), 2012-2016
Figure 40: Raytheon - Revenue Trend Analysis (US$ Billion), 2012-2016
Figure 41: Raytheon - Operating Profit Trend Analysis (US$ billion), 2012-2016
Figure 42: Raytheon - Net Profit Trend Analysis (US$ billion), 2012-2016
Figure 43: BAE Systems - Revenue Trend Analysis (GBP Billion), 2012-2016
Figure 44: BAE Systems - Operating Profit (GBP Billion), 2012-2016
Figure 45: BAE Systems - Net Profit Trend Analysis (GBP Billion), 2012-2016
Figure 46: Airbus Group - Revenue Trend Analysis (Euro Billion), 2012-2016
Figure 47: Airbus Group - Operating Profit (Euro Billion), 2012-2016
Figure 48: Airbus Group - Net Profit Trend Analysis (Euro Billion), 2012-2016
Figure 49: NEC Corporation - Revenue Trend Analysis (Trillion Yen), 2013-2017
Figure 50: NEC Corporation - Operating Profit Trend Analysis (Billion Yen), 2013-2017
Figure 51: NEC Corporation - Net Profit Trend Analysis (Billion Yen), 2013-2017
Figure 52: Toshiba- Revenue Trend Analysis (Trillion Yen), 2012-2016
Figure 53: Toshiba - Operating Profit Trend Analysis (Billion Yen), 2012-2016
Figure 54: Toshiba - Net Profit Trend Analysis (Billion Yen), 2012-2016
Figure 55: Mitsubishi Heavy Industries - Revenue Trend Analysis (Billion Yen), 2013-2017
Figure 56: Mitsubishi Heavy Industries - Operating Profit Trend Analysis (Billion Yen), 2013-2017
Figure 57: Mitsubishi Heavy Industries - Net Profit Trend Analysis (Billion Yen), 2013-2017
Figure 58: Kawasaki Heavy Industries - Revenue Trend Analysis (Trillion Yen), 2013-2017
Figure 59: Kawasaki Heavy Industries - Operating Profit Trend Analysis (Billion Yen), 2013-2017
Figure 60: Kawasaki Heavy Industries - Net Profit Trend Analysis (US$ Million), 2013-2017
Figure 61: Mitsubishi Electric Corporation - Revenue Trend Analysis (Trillion Yen), 2013-2017
Figure 62: Mitsubishi Electric Corporation - Operating Profit Analysis (Billion Yen), 2013-2017
Figure 63: Mitsubishi Electric Corporation - Net Profit Analysis (Billion Yen), 2013-2017
Figure 64: Japanese GDP Per Capita at Constant Prices (US$), 2015-2025
Figure 65: Japan GDP at Current Prices (USD Billion), 2015-2025
Figure 66: Japanese Exports of Goods and Services (LCU Bn), 2005-2013
Figure 67: Japanese Imports of Goods and Services (LCU), 2005-2013
Figure 68: Gross National Disposable Income (US$ billion), 2005-2013
Figure 69: Japanese LCU per US$, 2015-2024
Figure 70: Japanese Market Capitalization of Listed Companies (US$ billion), 2005-2012
Figure 71: Japanese market capitalization of listed companies (% of GDP), 2005-2012
Figure 72: Government Cash Surplus/Deficit as a percentage of GDP (LCU), 2005-2012
Figure 73: Japanese Goods Exports as a percentage of GDP (%), 2005-2014
Figure 74: Japanese Goods Imports as a percentage of GDP (%), 2005-2014
Figure 75: Japanese Services Imports as a percentage of GDP (%), 2005-2014
Figure 76: Japanese Service Exports as a percentage of GDP (%), 2005-2014
Figure 77: Japanese Foreign Direct Investment, net (BoP, current US$ billion), 2005-2014
Figure 78: Japanese Net Foreign Direct Investment as a percentage of GDP, 2005-2014
Figure 79: Japanese Mining, Manufacturing, Utilities Output (US$ billion), 2005-2014

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  • Airbus Group
  • BAE Systems
  • Ishikawajima–Harima Heavy Industries Co. Ltd. (IHI)
  • Kawasaki Heavy Industries (KHI)
  • Lockheed Martin
  • Mitsubishi Electric Corporation
  • Mitsubishi Heavy Industries (MHI)
  • NEC Corporation
  • Raytheon Company
  • Toshiba Corporation
Note: Product cover images may vary from those shown
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