In Japan's
economy, private businesses and individuals have the ability to set their own prices and to decide how much to
based on supply and demand.
This system of free-market capitalism allows for competition, innovation, and consumer choice. Businesses can determine their own production levels, investment strategies, and marketing tactics. However, the government does play a role in regulating certain industries and areas of the economy to ensure fair competition and protect consumers.
In Japan, the government also provides support to businesses through various policies and initiatives, such as subsidies, tax incentives, and regulatory reforms. This has helped to foster a strong and dynamic economy that has seen steady growth over the years.
Overall, the combination of a free-market economy and government support has contributed to Japan's economic success and global competitiveness.