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Japan Other Organizations
In addition to its UN activities and its participation
in Asian
regional groupings, such as the Colombo Plan and the Asian
Development Bank, Japan is also involved, beginning in the
1950s,
in worldwide economic groupings largely made up of, or
dominated
by, the industrialized nations of Western Europe and North
America.
In 1952 Japan became a member of the International
Monetary Fund
(IMF--see Glossary)
and of the
World Bank (see Glossary),
where it
played an increasingly important role. In 1955, it joined
the
General Agreement on Tariffs and Trade
(GATT--see Glossary). In
1966 Japan was admitted to the OECD, which brought it into
what was
essentially a club of leading industrialized nations.
Japan has
participated actively since 1975 in the annual summit
meetings of
the seven largest capitalist countries--the Group of
Seven--Canada,
Germany, France, Italy, Japan, Britain, and the United
States.
Data as of January 1994
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