Essay about Economy of Japan after tsunami

The main challenge about trade is the long-term condition of Japan. Although Japan performs well now, it is a receding market. There is a significant challenge for Japan in the future. It is facing a dwindling work population, as the average populace gets older. This provides a serious risk as if the workforce reduces in size so does the production. And production is one of the main factors that make Japan wealthy. In addition, even though it is the second largest economy in the world it will face high expenditure. This is a serious issue if not properly taken care of. However, a country with one of the highest GDP’s in the world is unlikely to mistreat

The so-called powerhouse country that was known to be Japan, known to be unstoppable was known never to fall. Japan seemed to be unstoppable after there amazing recovery post World War II compared to the rest of the effected countries. Japan had an economic bubble in the 1980’s to the later part of the decade however; an insidious cancer took root and metastasized in Japan’s economic infrastructure. The cancer was vastly over-inflated

In the 1900s, Japan faced a lot of economic obstacles. Due to its location on four moving tectonic plates, Japan experiences earthquakes more often than most other countries, Banks, at the time, struggled to keep economic activity stable after earthquakes and even attempted to regulate the flow by granting companies the ability to sell their products without having a drastic change in price. Following the discussion of earthquake bills and such, news was brought to the attention of the Japanese government that a bank in Tokyo had finally gone bankrupt. This sent many into a frenzy trying to get a hold of their money from banks, and in turn, many banks closed. However, this Japanese bank was indeed, not bankrupt, it was only struggling,

When an 9.0 magnitude earthquake rocked Japan on March 11th, 2011, it was the first of a series of horrific events that Japan would be forced to endure. Many homes, families, properties, and belongings were lost on that day. And when the tsunami rolled over the island, many believed that it was over for them. Not only had people’s lives been put in disarray and desolation, but there had not even been simple necessities available. Food. Water. Communications. And electricity. When the Fukushima Daiichi nuclear plant had been hit by the earthquake and tsunami, the reactors were shut down and so was the electricity. Over the course of months the reactors suffered, extreme heat, fires, hydrogen explosions, and radiation exposures. At the time,

These two worlds would to opposite of each other and one country would gain and the other would lose. By this I mean that the US dollar lost value by the amount of money that was being spent and the Jen gained value because it spent less money. In the United States when the economy failed many people were fired and/or let go, but in the eastern Asia side of the world they weren’t fired or let go. They felt as if it would violate the WA.  Also, if the economy were doing well in Japan everyone would benefit from it not just the higher ups.  Which is completely different from that of the USA only the higher up government officials get the money while everyone else has to

The Great Depression, which occurred in 1929, devastated the economy of many counties worldwide, including Japan. Thus, many sought for imperialism as the answer, such as the Western power and Japan. Japan targeted China, planning on taking advantage of the turmoil that was taking place inside the country, greatly devastating the country by military power. Watching closely over the feud between the Chinese Nationalists and Communists, Japan waited for the perfect opportunity. (Beck et. alt. 481)

Before America, Japan was the main power in the Pacific. This was apparent until the United States defeated them with the dropping of the atomic bomb on Hiroshima and Nagasaki. Up until the late 1960’s, America was the most prominent and dominating manufacturer of the world. However in today's world, America is still an extremely powerful trading country, it has become more of a rentier country. China became the United States’ main outsource for manufacturing because it was exponentially easier and much more inexpensive. Before, America made most of everything in-country such as steel. However, with the United States recovering from the war, it was forced to outsource some of its manufacturing workload to other countries, mainly China. During the 1920’s and the 1930’s, the world was going through the Great Depression. America had struggled through this period of economic downfall. However, Japan emerged earlier than other countries because its economic success came from government deficits used to expand Japan’s heavy industry and military. Many other smaller Pacific nations saw Japan as an invincible power that no Western nation could overcome. Yet, after their war campaign against America, Japan was left crippled. Japan’s main supplier of oil, the United States, regulated trade with Japan do to their recent military actions. Left with no option, Japan

The attack on Pearl Harbor was a result of several events associated with Japan’s mission to dominate Eastern Asia and the South Pacific. Before the 1930’s, Japan had one the world’s most prosperous economies due to the British economic slump in the 1920’s. The Japanese overtook the markets the British had previously dominated. This economic growth only lasted for ten years. In the early 1930’s, Japan suffered its largest economic downturn as a result of the World Great Depression. During this time, many countries stopped trading with Japan, leading to a 50% drop in their exported goods. The Japanese government believed if they moved away from a Western-style free market economy, they would recover from their economic crisis.

Japan’s unemployment rate of about 4% opposed to the U.S. unemployment rate of close to 10%. Even the financial debt to GDP ration is an advantage, and debt in the private sector has not increased unlike the U.S. and European countries, (Time, 2009). In addition, since Japan is a huge exporter and with the U.S. demand going downward, the international balances and growth declined especially as the dollar value dropped and the yen surged. •

The onset of Super Endaka in 1995 summed up to an already existing situation of global recession (1991), with price pressures, posted production and sales declines. Moreover, trade barriers in Europe prevented Japan's firms to expand and compensate for the US losses, where the price effects of yen appreciation were most severe. This time, the challenge posed by the new exchange rate shift was even harder than the first one.

In 1945, Japan was devastated and lost a quarter of the national wealth after suffering a defect in the second world war. A majority of the commercial buildings and accommodation had been demolished, and massive machinery and equipment formerly used in production for the civil market were out of service to provide metal for military supplies (Miyazaki 1967). Despite the trash and ruins had left over in Japan, Japan was able to rebuilding its infrastructure and reconstruct their economy. It is revealed that the Japanese economy was on its way to recovery, which received a rapid development since the war, and the reconstruction of Japan had spent less than forty years to become the world’s second largest economy in the 1980s. This essay will explore the three factors account for the economic growth of post-war Japan: the financial assistance from the United States, the external environment, and the effective policy of Japanese government.

Globalisation has had a profound impact on the Japanese economy influencing levels of international trade, business operations, financial flows, government policy, labour markets and even environment. This movement has been driven primarily by numerous TNCs, trade liberalization, and the deregulation of the financial system, and numerous strategies adopted by the Government and Economy, resulting in the creation of a 'new' Japan.

Japan ranks as the third largest economy in the world as of 2010. The GDP at current prices in US dollars in Japan was reported at 5068.06 billion in 2009, according to the International Monetary Fund (IMF). Japan’s resurgence after World War II has however reached an inflection point in yearly 1989 after the burst of Japan’s asset price and real estate bubbles. As can be seen from the graph below, Japan’s GDP has hovered around the same level through more than 20 years of economic stagnation. The GDP’s slow growth has been exacerbated by the world financial crisis of 2008. A major landmark of Japan’s stagnation has been the BOJ’s fight against deflation.

In March of 2011, a magnitude 9 earthquake hit Japan, releasing a dangerous tsunami. Japan was not expecting the magnitude of the earthquake and tsunami, and endured much hardship after the disaster. The effects of the tsunami can still be seen in Japan today through its residents, economy, and through actions that have been taken to further protect residents from future disasters. Though the Japan 2011 tsunami is one of the most destructive tsunamis ever recorded, dangerous tsunamis continue to take place across the globe. The Japan 2011 tsunami not only affected the inhabitants of Japan, but also affected people around the world. After disasters such as this, each area must endure the aftermath of the disaster and recover from the effects.

Japans history dates back almost 53,000 years and is filled with interesting and fascinating events. Most of Japans actions have left the major world powers in the world stunned. The base of this amazing country is astonishing just by itself. The base is a bunch of active and large under water volcanoes. Japans uniqueness from the rest of the world ranges from its culture to its very interesting history to the change in government every few hundred years and their trading dilemma with petroleum and their assortment of fish that they export. Japan as a country is so very appealing and kind compared to the rest of the world its no wonder that it’s geographically separate from the rest of the world.