In Japanese,「person entrusted.」However, in old Chinese, a deliberately derogatory reference to the Japanese people, literally:「person」who obsequiously bows all the time resembling「bent over grain plants or an old osteoporotic woman.」「People bent over stooping like rice-planting women」「person who shifts blame」「person as gonorrhea woman」to be the source of infection, or,「person works by committees of women」to mean DWARF, SHORT PEOPLE, STOOPED, LAME and SPRAINED (bent over and bowing all the time; see the related glyph).
For a Japanese person, the「person entrusted」is to a high degree preferably another Japanese person, so that the meaning「Japanese person」does carry over to Japan, only without the derogatory flair, in most cases.
During an earlier era, the elements were「people who cannot experience a penile erection, appearing as a ripe head of grain, bent over, impotent, flaccid, encrusted seeds at stalk tip」…intended to be highly insulting to both the women and the men of Japan, yet today seem to be fairly common conditions worldwide. Apparently, relationships between peoples and nations have always been poor throughout the world and throughout history.
「Before Nihon came into official use, Japan was known as Wa (倭) or Wakoku (倭国)…[as] shameful (writing Japanese Wa as 倭 implying 'dwarf'), and summarizes interpretations for Wâ 'Japanese' into variations on two etymologies: 'behaviorally submissive or physically short.' …Examples include: 'Respect is shown by squatting' (Hou Han Shu, tr. Tsunoda 1951:2), and 'they either squat or kneel, with both hands on the ground. This is the way they show respect.' (Wei Zhi, tr. Tsunoda 1951:13) …The second etymology of wō 倭 meaning 'dwarf, short person' has possible cognates in ǎi 矮 'Short person. Midget, dwarf. Low.' wō 踒 'Strain. Sprain. Bent legs.' and wò 臥 'Lie down. Crouch. Sit (used for animals and birds).' …Chinese, Korean, and Japanese scribes regularly wrote Wa or Yamato 'Japan' with the Chinese character 倭 until the 8th century, when the Japanese found fault with it, replacing it with 和 'harmony, peace, balance.'」
[ https://en.wikipedia.org/wiki/Names_of_Japan 2012-08-09 ]
HARMONY is a relationship characterized by a lack of conflict, and while generally today thought of as a good ideal, harmony is not necessarily the result of all good or benign influences—a harmony of evil can and does occur quite often in the world, with all participants not in conflict about a common goal or purpose. See the similar glyphs.

External source definitions …excluding politically incorrect concepts and other meanings deemed offensive today; may include extended definitions, euphemisms, and mnemonics)
Chinese: dwarf; Japanese (old derogatory term)
Japanese EDRDG: Yamato, ancient Japan
Unihan extended: dwarf; dwarfish, short

Used within names (nanori)
まさ　･　やす　･　やまと