The article examines Japan's modern economic diplomacy. The aim of the study is to analyze the economic potential of the land of the rising sun, as well as its participation in international organizations. The main conclusion is that Japan's economic diplomacy is a powerful tool that combines trade, investment and development assistance to strengthen global and regional influence. The prospects for economic diplomacy are also associated with deepening digitalization, expanding green projects and strengthening regional structures, which will allow Japan to maintain competitiveness in a multipolar world.