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Japan is a member of the United Nations, the G7, the G8, and the G-20 major economies. A major economic great power,[2] Japan is a developed country and has the world's third-largest economy by nominal GDP and the world's fourth-largest economy by purchasing power parity. It is also the world's fourth-largest exporter and fourth-largest importer. Although Japan has officially renounced its right to declare war, it maintains a modern military with the world's eighth largest military budget,[10] used for self-defense and peacekeeping roles. Japan ranks third in Asia on the Human Development Index, with the Japanese population enjoying the highest life expectancy in the world and the infant mortality rate being the third lowest globally
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