Japan

- Land area
- 377,930 km2
- Population
- 127.1 million
- Currency
- Japanese yen [JPY]
Japan, with its over 6,800 islands, lies just off the eastern coast of Asia. The landscape is primarily mountainous, including some very steep slopes, so only about one quarter of the land area can be used for agriculture or housing development. As a result, the population is concentrated on the four main islands of Hokkaido, Honshu, Shikoku and Kyushu. With about 130 million people, Japan is the tenth most populous country on earth. In terms of economy, the country is also one of the world’s major industrialised nations; despite a recessive trend that has been observed over the past several years, Japan still has one of the largest economies of the world. With around one million businesses in total, the Japanese retail segment is highly fragmented. Top corporate players are responding to the intense competition with sophisticated private label strategies. Convenience stores are the only retail format showing solid growth, while sales in the more traditional formats of department stores and superstores are showing only moderate growth or are even stagnating.