<P> With this low growth rate, national debt of Japan is difficult for the government to manage due to its considerable social welfare spending related to an aging society . The scenario of "Abandoned homes" continues to spread from rural areas to urban areas in Japan . The Japanese economy rebounded under Junichirō Koizumi by acting against bad debts with commercial banks and privatizing the postal savings system . Abenomics has thus far given the economy of Japan a low and unsteady growth rate . </P> <P> The ICT industry has generated the major outputs to the Japanese economy . Japan is the second largest music market in the world (for more, see Japan Hot 100). Manga cafe business expands to 2000 stores nationwide in Japan in 2002 . With fewer children in the aging Japan, Japanese anime industry is facing growing Chinese competition in the targeted Chinese market . Japanese manga industry (from the Japanese manga (and anime) profession) enjoys popularity in most of the Asian markets . And anime industry share in Japan GDP has exceeded 10 percent . Local gourmets of 47 Prefectures of Japan are guided and promoted by Ministry of Agriculture, Forestry and Fisheries (Japan). Japan Cup in the Tokyo Racecourse is one of the richest horse racing in the world . </P> <P> A mountainous, volcanic island country, Japan has inadequate natural resources to support its growing economy and large population, and therefore exports goods in which it has a comparative advantage such as engineering - oriented, research and development - led industrial products in exchange for the import of raw materials and petroleum . Japan is among the top - three importers for agricultural products in the world next to the European Union and United States in total volume for covering of its own domestic agricultural consumption . Japan is the world's largest single national importer of fish and fishery products . Tokyo Metropolitan Central Wholesale Market is the largest wholesale market for primary products in Japan, including the renowned Tsukiji fish market . Japanese whaling, ostensibly for research purposes, has been sued as illegal under international law . </P> <P> Although many kinds of minerals were extracted throughout the country, most mineral resources had to be imported in the postwar era . Local deposits of metal - bearing ores were difficult to process because they were low grade . The nation's large and varied forest resources, which covered 70 percent of the country in the late 1980s, were not utilized extensively . Because of political decisions on local, prefectural, and national levels, Japan decided not to exploit its forest resources for economic gain . Domestic sources only supplied between 25 and 30 percent of the nation's timber needs . Agriculture and fishing were the best developed resources, but only through years of painstaking investment and toil . The nation therefore built up the manufacturing and processing industries to convert raw materials imported from abroad . This strategy of economic development necessitated the establishment of a strong economic infrastructure to provide the needed energy, transportation, communications, and technological know - how . </P>

Why japan has little natural resources of industrial goods