We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Economy of Japan - Essay Example

Comments (0) Cite this document
Summary
Japan is located in East Asia, with a total area of 377,835 sq km, its land slightly smaller than the state of California. The country comprises of 3, 000 islands, the biggest of which are Honsh, Hokkaid, Kysh and Shikoku. Its estimated population is 128 million people and is known globally as a leader in high technology products and electronics (CIA World Factbook, 2006 and Economist Intelligence Unit (b), 2006).
Download paper
GRAB THE BEST PAPER
Economy of Japan
Read TextPreview

Extract of sample
Economy of Japan

The country is also the largest in terms of foreign investment and has successfully sustained a trade surplus for more than five decades. As of 200, the Japanese state holds a sixth of the United States Treasury Securities, which represents about 3.5 percent of the United States' gross domestic product. It is notable that Japan's economic problems can greatly impact the global market (CIA World Factbook, 2006 and Economist Intelligence Unit (b), 2006).
After the Second World War, much of Japan's industries were destroyed. Economic growth was achieved after the War with the strong work ethic of its labor force, sound economic policies and close ties between the government and business sector, efficient and technology-driven industrial methods resulted in one of the most spectacular growth rate averages of 10% in the 1960s. This trend continued in the 1970s and early to mid-1980s, posting average growth rates of 5% and 4% respectively. During the late 1980s, there was a noticeable increase in terms of real state and stock prices which was due to slackening of monetary policies in the middle of the decade and would later result to over-investment. When the Bank of Japan (Central Bank) tightened measures and increased interest rates to rein speculation of asset share prices in early 1990S, this resulted to an economic slump that would last until 2003, despite government revitalization policies and efforts. Another factor was a marked slowdown of the global economy (Economist Intelligence Unit (b), 2006).
PAST ECONOMIC DEVELOPMENT

Japan's economic development dramatically slowed down as an outcome of the 1990's asset price bubble. Because of the sharp decrease in the asset prices, the supply and demand mechanisms of the country were greatly impacted. From this period, the government's response to install economic reform was passive, overlooking the need to counter the effects of the surplus in capacity build-up after the bubble economic debacle which eventually led to the sharp cut in its total factor productivity. Monetary and fiscal policies were again alleviated to revive the economy. As a consequence, the fiscal balance shifted to close at three percent of 1991's GDP and proceeded to a deficit of eight percent in the year 2000. To make matters worse, its domestic debt have increased to 130% of its GDP in 2000. There was also a steady appreciation of the yen against the US dollar in the mid 1990s but this was lessened due to fiscal measures (Grimond, 2002).

The languished state of the Japanese economy that continued for more than a decade since 1990 became the focused of other world economies, for it had stimulated the continued problems related to non-performing loans (NPLs) and add to the decline of world asset and consumer prices. From 1991, the real gross domestic product has only increased by a measly fourteen percent. In contrast, the GDP of the United States during the same period was pegged at forty-four percent (Grimond, 2002). While there was an increase of 3.7 percent in terms of its consumer price index (CPI) in the particular phase, its CPI continued to drop beginning 1998, a trend that was arrested only in 2003. Accordingly, there was a marked pronouncement of the deflation of asset prices. The country's Nikkei index ... Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economy of Japan Essay Example | Topics and Well Written Essays - 3250 words”, n.d.)
Retrieved from https://studentshare.net/politics/291755-economy-of-japan
(Economy of Japan Essay Example | Topics and Well Written Essays - 3250 Words)
https://studentshare.net/politics/291755-economy-of-japan.
“Economy of Japan Essay Example | Topics and Well Written Essays - 3250 Words”, n.d. https://studentshare.net/politics/291755-economy-of-japan.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Japan Tsunami
Even the people living in swaying skyscrapers had to worry because of the great intensity of the earthquake. The death toll is yet to be established specifically because of the great losses that the earthquake posed.
2 Pages(500 words)Essay
Japan
The main islands that make up Japan are, Kyushu, Hokkaido, Honshu and Shikoku. Japan is located in the Asian continent neighboring Korea, China and Russia. Japan has its southern most islands lying relatively at the same as Bahamas whereas its northern most islands geographically lies in similar latitude as Portland (kwintessential.co.uk).
5 Pages(1250 words)Essay
Foreign Policies Japan
We firstly, look at Japan as an economic giant and the genesis of it. Next we look at the foreign policies adopted by Japan and check if an investment climate exists in Japan. Under the current scenario, a lot of global economies are opening up and the impact it has on the US investment in Japan under the aegis of US - Japan Investment Initiative, 2001.
8 Pages(2000 words)Essay
In Focus: Japan
Japan gained its name as one of the most prominent countries because of its economic performance. Currently, Japan is the second largest economy in the world. The country is also known as one of the world’s leading economies and a major economic power because of its place in international trade. Japan is named the sixth largest exporter and importer among other nations.
5 Pages(1250 words)Essay
The Economy of Japan
The Japanese currency is the Yen, one Japanese yen today is equivalent to 0.008 US dollars, in the recent past the Japanese yen has strengthened against the US dollar, factors such as internal inflation, unemployment levels and fiscal and monetary policies have contributed to the fluctuations in the exchange rate of the Japanese yen against other currencies.
4 Pages(1000 words)Essay
Political Economy of Japan
In order to keep tight control of the elite over people, the hegemonic class of Japan selectively hired some elements from the liberal logic and the traditional ideology . In terms of liberalism, the main element employed by the Meiji Japanese leaders was the idea of equal opportunity, which allegedly guaranteed that everyone could get awarded according to his/her talent.
6 Pages(1500 words)Essay
The Political Economy of Japan
Through the adaptability of the Japanese firm in finding ways to re-strengthen their international competitive power, Japan's economy was able to resurrect (Itoh n.d.). Ulrike Schaede's book was entitled Choose and Focus: Japanese Business Strategies for the 21st century.
3 Pages(750 words)Essay
Political ecnomony of japan
It is these differences which make the two stand worlds apart in literal and figurative terms. In terms of time, the occupation of Japan came
2 Pages(500 words)Essay
Political Economy of Japan
Japan had historically been in favour of trade liberalization and deregulation of all trade barriers. Prior to 1960, Japan had imposed strict trade restrictions in the form of quotas and tariffs. However, gradually these impediments were lifted so that the domestic industries gathered the technical skills to compete with the external players.
8 Pages(2000 words)Essay
Economic Development of Japan after World War II
This essay mainly focuses on the identification of the major factors, that helped Japan government to rebuild country`s crippled economy in a short time. As it is shown in the essay, Japan economy expanded rapidly owing to the effective economic and foreign relation policies the government formulated and implemented.
5 Pages(1250 words)Essay
Let us find you another Essay on topic Economy of Japan for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us