Does Japan have low-key strong influence on the world economy?

In this article:

https://www.asahi.com/sp/ajw/articles/15747500

“Made in Japan” parts and components still account for more than half of the overall components used to make iPhones.

Also, Japan is the largest foreign holder of US Treasury bonds ($1.22 trillion as of early 2026!). In the automotive and electronics sectors, Japan produces specific, high-end components (like sensors and specialized steel) that have no easy substitutes.