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Japan's Resource Imports

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  • KAZUO SATO

Abstract

As a resource-poor country, Japan depends much on imports of resource goods—foods, fuels, and crude materials—to keep its economy running. This dependence has increased over time, making Japan vulnerable to supply shocks. At the same time, demand shocks emanating from its domestic economy have come to exert a greater influence on the world economy. Because Japan exports almost wholly manufactured goods and imports largely resource goods, its bilateral trade balance ends up with a surplus with industrial economies and a deficit with primary-producing countries even when Japan's trade is globally balanced. This trade structure gives rise to trade frictions, especially with the United States. Unless the structure is altered fundamentally, Japan will find it increasingly difficult to fit itself into the world economy.

Suggested Citation

  • Kazuo Sato, 1991. "Japan's Resource Imports," The ANNALS of the American Academy of Political and Social Science, , vol. 513(1), pages 76-89, January.
    • Handle: RePEc:sae:anname:v:513:y:1991:i:1:p:76-89
    DOI: 10.1177/0002716291513001007
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    References listed on IDEAS

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    1. Marcus Noland & Bela Balassa, 1988. "Japan in the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 0412, April.
    2. Sato, Kazuo, 1990. "Increasing returns and international trade: The case of Japan," Journal of Asian Economics, Elsevier, vol. 1(1), pages 87-114.
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    Cited by:

    1. Ng, Sin Jin & Li, Bing & He, Zhengyang & Han, Jing-Cheng & Munir, Muhammad Tajammal & Wu, Xiaofeng & Huang, Yuefei, 2023. "Global phosphorus cycling: The impact of international commercial trading and the path towards sustainable phosphorus management," Resources Policy, Elsevier, vol. 85(PA).

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