Nobody downloaded yet

Japanese Economy - Essay Example

Comments (0) Cite this document
Summary
Calculated at 1990 prices, real GNP per capita in the country rose from US$1,230 in 1950 to US$23,970 in 1990 (Siddiqui 2009, citing Crook 1993). During the same period, average life expectancy increased from…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
Japanese Economy
Read TextPreview

Extract of sample
"Japanese Economy"

Download file to see previous pages An important indicator of that achievement is that Japan continues to be the only non-western nation to have had the ambition of ruling the world and the only non-western country to have implemented a policy of attempting to subjugate the whole world in modern history.
Japanese economy has been described as a success in 1980s but the decade of the 1990s was a lost decade. However, data indicate that situation may have to be more accurately described. For instance, in Figure 1, we see that if gross domestic product or GDP per capita figures are not adjusted for inflation, it would appear that Japanese economy appears to be alright until the mid-1990s. However, beginning in the mid-1990s, the Japanese economy appeared to have plunged downward and started to recover sometime at the beginning of the 21st century, if not for the Fukushima nuclear and tsunami disasters of 2011.
Figure 1 is a graph from the website of the Intellectual Takeout while Figure 2 is my own reconstruction of Japan’s GDP in $ at current prices based on data set of the International Monetary Fund. At least for Japan, the insight that can be obtained based on the GDP per capita in $ is that the key insight that can be developed from Figure 1 is correct: Japanese economy was on a steady rise from 1980 to around 1995 but nose-dived before slowly recovering upward.
Figure 3 compare the GDP per capita in current US$ of select countries and compare them with Japan. It is worth noting that Figure 3 suggests that in terms of GDP per capita, the overall context is that Japan still belongs to the bigger league of strong nations although Japan has been weaker in the last several years. In contrast, China may be a big economy (and some report the economy as the second biggest economy) but in GDP per capita dollar terms, the citizens of Japan appear to be in a better situation than China.
Meanwhile, the key insight that can be derived from Figure 4 is that globally, the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Japanese Economy Essay Example | Topics and Well Written Essays - 2750 words”, n.d.)
Japanese Economy Essay Example | Topics and Well Written Essays - 2750 words. Retrieved from https://studentshare.org/miscellaneous/1606812-japanese-economy
(Japanese Economy Essay Example | Topics and Well Written Essays - 2750 Words)
Japanese Economy Essay Example | Topics and Well Written Essays - 2750 Words. https://studentshare.org/miscellaneous/1606812-japanese-economy.
“Japanese Economy Essay Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.org/miscellaneous/1606812-japanese-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Japanese Economy
...cost outlays in the system of subcontracting in the automobile industry. (Tabeta and Rahman, 1996) In the period towards the late 1980s, the economy of Japan enjoyed a Keiretsu contribution to the economy of around 17% in terms of total sale revenues as well as an 18% contribution to the aggregate net gains from all businesses in this Economy of Japan. The workforce of Japan was also not left behind while it came to benefitting from Keiretsus where the entire Japanese work force in employment had 5% of the whole as Keiretsu employees. The Fair Trade Commission of Japan reported that in the year 1992, at least a fifth of the economy’s capital was in the...
12 Pages(3000 words)Essay
The Major Effects of the Recent Japanese Earthquake and Tsunami on the Wold Economy
...The Major Effects of the Recent Japanese Earthquake and Tsunami on the Wold Economy Table of Contents The Main Focus 1 Conclusion 7 References 8 Bibliography 10 Introduction In March, 2011, Japan experienced both earthquake and tsunami, because of which there were certain repercussions in the economy of Japan as well as in the world economy. It was expected by most of the economist that Japan would fall into recession. It was found that nearly 2000 people died in this mishap and it had left the nuclear power reactors of the nation at risk of meltdown. Furthermore, it left most of the people without power and shelters. This study aims at gaining insights into the impacts of Japanese tsunami and earthquake upon the global economy... of the...
6 Pages(1500 words)Essay
Critique of an Article - Postwar Japanese Economy
...?CRITIQUE OF AN ARTICLE Postwar Japanese Economy The postwar Japanese economy was characterized by diverse changes that resulted from the prevalent world events as well as government strategies or policies. Postwar Japanese economy underwent the transition of astonishing growth to deep stagnation that lasted from 1990s until 2003 with the indication of economic recovery. Tsutsui’s (2009) globalization perspective of Japan’s postwar economy provides an account of the causal mechanisms attributable to the postwar Japanese economy movement. It is apparent that several historical events...
3 Pages(750 words)Term Paper
Japanese Economy Evaluation of Opportunities for Foreign Investors
...Japanese Economy - Evaluation of Opportunities for Foreign Investors Lecturer 25 April 2006 Table of contents EXECUTIVE SUMMARY 3 2 ASIA PACIFIC ECONOMIES - AN OVERVIEW 4 The crisis and after 4 3 EAST ASIAN ECONOMIC DEVELOPMENT -ANALYSIS 5 Macroeconomic management 5 External Policy and Openness 6 State Intervention/Industrial Policy 7 Economic development in Asia 8 4 JAPAN - THE LEADER IN ASIA PACIFIC 9 Key Economic Indicators - Japan 10 5 ENTERING JAPAN 11 The Economic Environment 11 The Political Environment 11 The Regulatory Environment 12 The Cultural Environment 12 Asian Networks 13 6 JAPAN -ENTRY MODE...
21 Pages(5250 words)Essay
U.S. & Japanese Economy
...The Japanese invasion on Pearl Harbor on December 7, 1941 set forth a chain of events which led to one of the most horrific events in human history, Hiroshima. The clear bomb that exploded in Hiroshima, Japan destroyed the island's economy and natural resources (Historyplace). In the aftermath and after the end of World War II the United States realized that their military counterattack was too severe and it should have never occurred. The US voluntarily with pressures from the United Nations decided to help the Japanese nation recover economically from the consequences of acts of war. This paper discusses the economic relationship between the United States and Japan emphasizing the time...
3 Pages(750 words)Essay
Future of Japanese Economy
...--------------------- --------------------- --------------------- --------------------- Future of Japanese Economy Introduction Japan, aftermath thewar experienced a troublesome situation in economic development. Many of the industries were destroyed by World War II and as a result GDP fell down1. But, on the basis of production oriented mobilization system in the private sector, Japan has developed its political and administrative system into the direction of country's economy. Along with the introduction of new technologies and formatting industrial structure, government rules and regulations also helped to bring back its economic condition as it was before the war. A chain of economic...
9 Pages(2250 words)Essay
The Future of Japanese Economy
...Future of Japanese Economy Introduction Japan, aftermath the war experienced a troublesome situation in economic development. Many of the industrieswere destroyed by World War II and as a result GDP fell down1. But, on the basis of production oriented mobilization system in the private sector, Japan has developed its political and administrative system into the direction of country’s economy. Along with the introduction of new technologies and formatting industrial structure, government rules and regulations also helped to bring back its economic condition as it was before the war. A chain of economic crisis like financial panic of 1927 and the oil shock, include the invasion of Manchuria...
9 Pages(2250 words)Essay
Potential Short-Run Economic Impacts of the Recent Japanese Disaster on the Australian Economy
... Potential Short-Run Economic Impacts of the Recent Japanese Disaster on the Australian Economy Introduction Tsunami which hit Japan on the 11th of March 2011 has a significant impact over the long-term economic development and progress of Australian economy. Due to the damages of ports, construction facilities, manufacturing plants, and its nuclear power plant stations, Japan will need a very long time before it can regain its economic power as the one of the second-largest trade partner of Australia (Herald Sun, 2011). Considering the adverse economic impact of the recent disaster in Japan, this study will focus on discussing its impact to Australian economy. Using the Keynesian model, the potential short-run economic impacts... of the...
3 Pages(750 words)Essay
Report on Japan Base Wages Rise for First Time in Nearly Two Years and how it is related to the behavior of the Japanese economy
...for almost fifteen years. Companies like Toyota and Panasonic were on board with the idea with Toyota promising a point eight increase in overall salary which has had no change since 2008 (Tabuchi 1). The GDP of Japan has had an increase rate of about one percent per annum, which is a very slow rate for a third best economy state. The move to raise the wages will have an impact overall spending nature of workers, the more the workers have to spend the faster the economy grows. Increase in wages will give a reason for consumers to spend as opposed to the earlier trend where consumers had no need to spend. The increase is a strategy to encourage consumers to let go and spend a little more than they have...
1 Pages(250 words)Article
Answer 6 question about Japanese Economy
..., the American society has yet not adopted anime as a popular medium of advertisement, and advertisements made in America ensure they are not used in advertisements. Moreover, Japanese public is believe to be highly literate and therefore demands to the point commercials, compared to America where creative advertisements are welcomed by the masses. Q2. Briefly discuss the Japanese way of product developments. A2. In the current era, Japan is known for its holistic views regarding product development. The Japanese way of product development consists of six items that makes it different from other economies. These six items include the factor of built in stability,...
3 Pages(750 words)Essay
sponsored ads
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.
Let us find you another Essay on topic Japanese Economy for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us