As of 2009, Japan is the second largest economy in the world,[72] after the United States, at around US$5 trillion in terms of nominal GDP[72] and third after the United States and China in terms of purchasing power parity.[73] Banking, insurance, real estate, retailing, transportation, telecommunications and construction are all major industries.[74] Japan has a large industrial capacity and is home to some of the largest, leading and most technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles and processed foods.[70] The service sector accounts for three quarters of the gross domestic product.
Osaka Castle and Osaka Business Park district of Osaka. The majority of Japan's economy is service sector based.