Essay about Economy of Japan after tsunami

Devastation struck Japan on March 11, 2011 when the main island, Honshu, was rocked by the worst earthquake in the country’s history. According the U.S. Geological Survey, the earthquake, named the Great East Japan Earthquake, was so severe it shifted the earth’s axis by 10 cm and the jolt of the earth’s crust triggered a tsunami of epic proportion. Carrying a wall of water over 10 meters high and massive enough to been seen by the International Space Station, the tsunami claimed more lives than…

GREECE ECONOMY AFTER EURO CRISIS NAME: HARSHITA AGRAWAL CLASS: FYBA ‘C’ ROLL NO.: 325 Introduction Greece is a service sector led economy, which contributes 85%. Industry (12%) and agriculture (3%) are relatively very small. The main industries include tourism and merchant shipping which are more global in nature. Greece as an economy was doing very well until the global economy crashed in 2008 due to “Global Financial Crisis (GFC)”. During the period of 2001- 2007, Greece was one of…

Vietnam Economy After Embargo When the last United States forces left South Vietnam on March 29, 1973 in over-stuffed helicopters and crowded aircraft carriers, it was to be the closing of book whose chapters lasted through four presidencies. When North Vietnam successfully invaded South Vietnam and captured Saigon on April 30, 1975, an embargo originally placed on the north by the United States was extended onto the entire, newly-named Republic of Vietnam. That embargo, ordered by President Richard…

confidence. This is way to aim to pull Japan out of its liquidity trap and end nearly two decades of economic stagnation and deflation. This essay will discuss about background and effectiveness of Abenomics and how the Japanese government should solve this problem. The Prime Minister Shinzo Abe suggested fiscal policies which are called as ‘Abenomics’. Abenomics has three (3) arrows; ‘A massive fiscal stimulus’, ‘More aggressive monetary easing from the Bank of Japan’ and ‘Structural reforms to boost…

The Rise of Western Culture and Economy in Japan after World War II According to some scholars, a society's culture determines its economic destiny. Before 1860, Japan had been isolated for over two centuries, and it was not until the aftermath of World War II when Japan was forced to ration food to extreme measures (Hiesinger 39), the Japanese people's fear of become a Western sub-colony coupled with “their flexible attitude towards cultural variance (Sparke 10),” ushered them into economic and…

To properly consider the impact of integrating with the global economy on China, Japan, India and Southeast Asia, it is useful to first define the global economy. When did it come into being? Frank (1998) posits that a global economy had existed since the start of the thirteenth century. Although financial flows were limited, there was a burgeoning exchange of commodities between Asian and European economies. Of the Asian economies, China and India stood out for the extensiveness of their trade links…

Japan was hit by an enormous earthquake on March 11, 2011, that triggered a deadly 23-foot tsunami in the country's north. The giant waves deluged cities and rural areas alike, sweeping away cars, homes, buildings, a train, and boats, leaving a path of death and devastation in its wake. Video footage showed cars racing away from surging waves. The United States Geological Survey reported the earthquake and on Monday revised its magnitude from 8.9 to 9.0, which is the largest in Japan's history. The…

Japan Tsunami on 2011 On March 11, 2011, a powerful tsunami triggered by a 9.0-magnitude earthquake devastated the northeast coast of Japan. Almost an hour after the earthquake, the first tsunami waves hit Japan’s coastline. The waves reached a height of 128 feet in Miyako, and then traveled 6 miles inland through the Sendai. The tsunami flooded approximately 217 square miles. It swept away vehicles, destroyed buildings, and severed roads and highways. A state of emergency was declared by the Japanese…

TSUNAMI DISASTER, WHAT IMPLICATION ON ECONOMIC SYSTEM IN THIS REGION? We view with awe a release of power on this scale. We know that this power is greater than that of our species — nature holds us in its hands. We may be able to mitigate some of the consequences; in some cases we may be able to give advance warning of the threat; but we are not in control; the tsunami has demonstrated this ancient truth. William Rees-Mogg INTRODUCTION 1. On the morning of December 26, 2004 a magnitude 9…

and eventful of Japanese history. After World War 1 Japan looked to expand their empire where they ended up with territories like Taiwan, Korea, Manchuria, and parts of northern China. Japan saw World War 1 as an advantage to take advantage of European countries destroyed from the war. They were able to use this to advance their economy by creating a trade surplus. Because of this Japan suffered less from the Great Depression than other industrialized nations. Japan was becoming more of a nation that…