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In Focus: Japan - Essay Example

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Summary
The Japanese characters making up Japan’s name literally, means “Land of the Rising Sun” referring to its eastward position. This paper takes an overall review of Japan, its history, economic issue and major industry…
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In Focus: Japan

Download file to see previous pages... Japan is a highly industrialized nation with only 6% of the population engaged in agriculture. This exposes the country to the dilemmas faced by all developed economies which include “overcrowded cities, congested highways, air pollution, and rising juvenile delinquency”. The legends of Japan tell a story of Japan’s foundation in 600 BC by the Emperor Jimmu who is a direct descendant of the sun goddess and the ancestor of the present ruling imperial family. However, archeological research reveals that the first inhabitants of Japan “migrated over land bridges” from Northeast Asia about 300,000 years ago. Another maintains the occurrence of “migration by sea” from Southeast Asia during a period of general migration toward the Pacific. Japan’s history shows contact with the Westerners only during 1542 which was due to a Portuguese ship’s unexpected landing in Japan. This was followed by the influx of traders from different countries like Portugal, the Netherlands, England, and Spain together with Jesuit, Dominican, and Franciscan missionaries. However, this was stopped when “Japan's shogunate suspected that the traders and missionaries were actually forerunners of a military conquest by European powers. Renewed contacts were established during the Meiji restoration in 1880.
Japan also held a significant position in human struggle. The country fought with China and Russia. During World War I, Japan fought on the side of the victorious Allies. The World War II, on the other hand, led the loss of Japan’s overseas possessions. Japan regained its full sovereignty on April 28, 1952.

III. Major Industry
Japan gained its popularity in the global arena due to its strong economic performance. As mentioned above, Japan is the second largest economic power following the United States. Japan's industrialized, free market economy is the world's third largest in terms of purchasing power parity and second in terms of market exchange rates. This economy by far is one of the most efficient and competitive in the areas of international trade. It is estimated that Japan will record a GDP of $4.167 trillion and $32,640 per capita. Japan's key success factors are ...Download file to see next pagesRead More
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