How does Japan benefit from the export of its media products Essay

How does Japan benefit from the export of its media products - Essay Example This research will begin with the statement that animation industry in Japan is gaining due spotlight within the country and as well as from overseas. The use of modern technologies in making animation films has attracted producers and directors from all over the globe to import Japanese animation film features. Media industries from the western countries have shown interests in making 3 dimensional (3D) movies. 3D movies have proved to offer viewers a lifetime experience in watching movies. In 2010, a survey conducted by the Japanese government found out that 127.08 million people are residing in and around Japan. Among them, 65.7 million belong to the labor force. Furthermore, the unemployment rate surveyed in the same year showed that it has the lowest unemployed people among the G7 nations. The aging population of Japan has been a concern for the government. 22.9 percent of the total population is beyond 65 years of age. Thus, the survey shows that though Japan has the lowest une mployment rate, the aging population might hurt the production of successful animation films, leading to low exports and revenue. Though Japan is considered to have the latest technological equipment, most of the country’s infrastructure has been destroyed by the natural calamities, such as earthquakes in 2011. It has been estimated that India may overtake Japan as the third biggest economy in the world in terms of Gross Domestic Product (GDP). The recent earthquake in 2011 has affected the animation industry which accumulates approximately USD 2.5 billion each year. Thus, it has been noted that the American animators have grown interests in working with Japanese animation companies which are generally viewed as the leader in this industry. Moreover, the contribution from different sectors is evident for making the animation industry the best in the world. The animation industry of Japan exports its media products throughout the world. Data provided by the member companies th at combine the Association of Japanese Animation shows that income from exporting media products was nearly 16.2 billion Yen. Furthermore, big anime companies that are not a member of the association, generate profits of around 1 billion Yen to about 4 billion Yen through overseas sales. Thus, the country’s estimated revenue through media products can be almost 18 to 20 billion Yen.