Japan Business - Term Paper Example

There were many periods in the history of Japan, but the first period was of Prehistoric Period that began around 10,000 BC and the inhabitants of the Japan lived by hunting, gathering, and fishing. During the post-war period, the economy of the Japan experiences the boom and massive boom came by the Korean War. The Japan came as the crucial power in different economic spheres such as, car manufacturing, electronic and steel manufacturing. Business History Society of Japan was prearranged in the year 1964 (Karan, 2010).

In 1989, the economy of the Japan marked the most rapid economic growth that spurts the history of Japan as Nikkei 225 reach to the record high of 39,000, due to the strong Yen and favourable exchange rate in comparison with dollar. Geography Mountain Islands of Japan is in the eastern coast of Asia that served as the protective barrier as mentioned in history. The Japan has the insular nature along with the main territory and cultural homogeneity of individuals. The country has four islands, which are: Kyushu, Honshu, Hokkaido, and Shikoku.

Islands in the Japan stretch 1100 Km from the major islands. Tokyo is the capital of Japan that covers 13000 square kilometres. Small number of habitant has promoted terrain. Land is reclaiming through the sea by dikes construction and drainage along with rice paddies, which is the main export of the country to other countries. Rivers in Japan are less than 300 Km, but there rapid flow through the mountains gave renewable and valuable resources such as, hydroelectric power generation.

Coastal shipping around the Inland Sea compensates the lack of navigable river. Natural Resources The Japan has fewer natural resources such as, gold, coal, silver, and magnesium; therefore, the Japan depends over the export of its natural resources along with the energy resources and raw materials. As the country has the large maritime area, the Japan is one of the first producers of the fishing products. In Japan, only 15% of the land is suitable for cultivation. Two main crops of Japan are Tea and rice; therefore, the agricultural economy of the country is subsidized and protected.

Agriculture of the country contributes into the GDP and employs up to 5 % of the active population. Industrial sector of the country is diversified and covers steel and paper along with the highly technological products such as, biotechnology, nanotechnology, renewable energy, automobile, and robotics. The Japan is the second largest car manufacturer and ships in all over the world. Industrial sector of the country contributes into the 30% of the GDP. Political/Legal System Political and legal system of the Japan presents the complicated picture.

In one side, The Japan is the democratic state having the strong legal and civic institutions, and on the other side the country shows the characteristics of non-democratic systems. The Japan has the democracy, the Liberal Democratic Party that runs the country after the World War II. The Japan is also bureaucratic; decisions that impact the national policy are taken by the ministries having the substantial power that ties with industrial and business groups. The Japan legal system is different from the Westerners.

After 1986 foreign legal