The ICT industry is the world's third biggest. The nominal GDP of the Japanese ICT sector is US $400 billion (JPY 44.2 trillion), followed by the commercial business, which has a nominal GDP of US $550 billion (JPY 61.4 trillion), and the real estate industry, which has a nominal GDP of US $ 540 billion (JPY 59.4 trillion). The government has attempted to introduce new initiatives in the ICT business, such as high resolution 4K cameras in different industries, continuous 5G connectivity, and high-quality infrastructure.
According to sources, the Japanese government spent an astounding $87 billion on pharmaceuticals. Japan is the world's third-largest spender on medication, after only China and the United States. A significant portion of the GDP is being set aside for pandemic research and development.
Japan's industrial sector is booming like never before. Japan was recently in the headlines for producing 49,900 industrial robots, making it the world's second biggest producer of industrial robots. Heavy digitization and modernisation of the manufacturing sector have transformed Japan into one of the world's most important manufacturing centres, particularly in the car, industrial robots, semiconductor, and machine tool industries.