information:classification, information:highlighting, information:filtering, information:extraction, linguistic:voice_change
Industry and services

Japan has a large industrial capacity and is home to some of the "largest and most technologically advanced producers of motor vehicles, machine tools, steel and nonferrous metals, ships, chemical substances, textiles, and processed foods ". Japan's industrial sector makes up approximately 27.5% of its GDP. The country's manufacturing output is the fourth highest in the world as of 2023.

Japan is in the top three globally for both automobile production and export, and is home to Toyota, the world's largest automobile company by vehicle production. The Japanese shipbuilding industry faces increasing competition from its East Asian neighbors, South Korea and China; a 2020 government initiative identified this sector as a target for increasing exports.

Japan's service sector accounts for about 69.5% of its total economic output as of 2021. Banking, retail, transportation, and telecommunications are all major industries, with companies such as Toyota, Mitsubishi UFJ, - NTT, Aeon, SoftBank, Hitachi, and Itochu listed as among the largest in the world.