Japan Bangladesh Biliteral Economic Relation

Bangladesh are not nearly as strong, and their economic strengths pale in comparison to Australia’s. Australia are blessed in regards to resources and they are geographically close to one of the largest growing regions of the world, Asia. Australia’s economy is also incredibly resilient, Australia being one of only three countries not to record a period of economic contraction since data begun being recorded in 1991. The only real economic strength of Bangladesh, on the other hand, is that countries like China, Japan and Australia are beginning to outsource labor to Bangladesh, and this gives work to Bangladeshi citizens and brings money into the

From a perilous beginning, Bangladesh has attained notable advancements in economic and social development in about four decades. Since it won its independent in 1971 following a bloody war, many, in the international community were doubtful about the country’s long-term economic sustainability. Some observers predicted a state of continuing aid dependency, while others believed if a country with such enormous and innumerable development problems as Bangladesh could make strides in development, then possibly other developing countries could as

Australia and Japan’s relationship has strengthened greatly over the last few decades. Japan has emerged from an enemy at the end of world war two to one of Australia’s most important allies today. The relationship between the two focuses on a number of areas, in particular trade, as Japan’s economy is very prosperous to Australia. Maintaining such a relationship has not always been straightforward, often presenting difficulties where the countries stray in values and opinions. Diplomats from both countries have worked hard to keep this positive relationship working. Diplomacy has allowed for Japan and Australia to receive benefits from one another while preventing major problems from arising. If troubles have developed, they have been dealt with swiftly in fear they could cause damage to the Australia-Japan relationship. Some areas the diplomatic relationship covers are the economical, cultural, security and environmental relations. Australian diplomacy has contributed to strengthening the international relationship with Japan.

The economies of the U.S. and Japan are very integrated in terms of trade in goods and services. As stated in the article the article, “Japan-U.S. Relations: Issues for Congress,” of the Congressional Research Service, the U.S. is the world’s largest economy and Japan is the world’s third-largest economy. This status makes the U.S. and Japan valuable trading partners, considering the U.S. was Japan’s second-largest source of imports and their largest export partner as of 2014 (Chanlett-Avery, Manyin, et.al). One can see through examining past economic crises in Okinawa and the U.S. that such incidences impede healthy global relationships. In the article, “U.S.-Japan Economic Relations: Significance, Prospects, and Policy Options,” William H. Cooper, specialist in international Trade and Finance, explains ways in which two specific Japanese economic crises affected global relations. One financial crisis occurred in 2008, when the economies of the U.S. and Europe were declining, leading to a decline in global demand for Japanese exports. Another occurred in 2011, following the tsunami, earthquake, and a nuclear incident in northeast Japan. These exigencies lead to great deficits, specifically in U.S. and European trade (Cooper, 2014). As previously mentioned, Okinawa has been unable to develop a self-sufficient economy. These past economic crises show that when Japan is economically

Currency: Japan uses the Yen, as The United States Uses the dollar. Exchange Rate 12/31/04 US=$1 and Yen = 110.5. Gross Domestic Product (GDP, at market exchange rate) $4.8 trillion for Japan and for the United States it is $11.50 trillion for 2004. Inflation Rate (consumer prices) Japan actually as a deflation of -0.4% as the United States as a inflation rate of 1.90%. Current Account Balance (2004F): $174.1 billion for Japan and the United States is 187.9 billion .Major Trading Partners for both countries.: Germany, Asian NIEs, China, OPEC Merchandise Exports (2004F): $522.4 billion for Japan and $630.57 billion for the United States. Merchandise Imports (2004F): $395.9 billion for Japan and 647 billion for United States. Merchandise Trade Surplus (2004F): $126.5 billion for Japan and for the United States it is $167 billion. Major Export Products for Both Countries: Machinery and transport equipment; chemical and other manufactured goods Major Import Products both countries: Chemical and other manufactured goods; machinery and transport equipment; mineral

____ classifies a country 's stage of economic development on the basis of its level of industrialization into three categories and the three categories are MIDCs, LDCs, and LLDCs.

In Bangladesh there have been many problems due to the small market and their extremely low cost. So for american companies like Walmart, H&M, Tommy Hilfiger,etc bangladesh is a goldmine because they produce quality work and at a very cost. Although with their low cost there is a high demand for their goods, which rushes the production process resulting in injury.

The geographical locations of both Japan and Great Britain are critical to the success as a country. Both countries are island based nations the rely on trade as a big income and is the best way for them to make money based on were they are at. The ports and trading post along the sea are the many point of income and sells of both nations. They both need raw materials from different countries. At one point Japanese were dependent on raw materials for other nations. The British were make most of there money on opium exports and textiles of raw materials from other nations.Trade is the core of these two nations change,money,and power.

In the past few decades, Japan has experienced a rapid growth with various problems associated with urbanization. Japan has also been facing declining birthrate, aging population, poverty, and overcoming deflation. Urbanization has enabled economic growth but it has contributed to climate change, pollution, congestion, and the growth of slums. Also Social and Economic development cannot be achieved without addressing global warming and other environmental issues. Due to these problems, Japan has passed several laws to implement urbanization policies and city growth management programs that primarily target regional balance in growth and concentration. On top of this Japan has worked its way to reform its economic and social issues.

Japan has various bilateral and multilateral trade agreements. This month, Japan and India have just jointly agreed to strength their military and economic ties (Reuters,2014). The Japan’s economy has actually opened up after World War Two with the removal of trade barriers and the signing of agreements promoting ‘freer and fairer’ trade (Duss,1998). Referred as a homogeneous society with its racially unified group of people (Burgess,2014), the openness of the economy today may make it hard for Japan to stay homogeneous. Increase in interactions, integrations within economies and transfer of ideas may lead to creation of new business ethics and ideas which may ‘force’ Japan’s firms to come up with new approach such as working more with people from other countries (Karan,2005). This may result in increased presence of immigrants in Japan. However, the economic mobility in Japan today is still not very

The deregulation of financial markets catalysed by Globalisation worldwide has impacted on the amount of trade within the Japanese economy beneficially allowing easier access to foreign currencies, facilitating a higher flow of goods between nation, by relaxing laws that severely prevented foreign buying of currency, and floating the yen. These drivers have helped boost Japan's trade and recovery from its recession. Technology has allowed finances to be traded and communication to be near to instantaneous. This has increased dramatically the amount of FDI into Japan largely thanks to the numerous strategies the Japanese government has taken to promote economic growth and hence development. Finance and Foreign Direct Investment (FDI) have increased as a direct result of globalisation doubling from $63 billion in 2001 to $144 billion in

While Japan’s economy may be contracting, the unemployment rate has lowered to 3.1 percent in October which came down from the 3.4 percent that is was at in January of 2015. The lowest value since July of 1995, but as the number of unemployment has declined sharply and employment has rose. The average of unemployment was 2.7 which was set in 1953. The unemployment rate for Japan is reported by the Minister of Internal Affairs and Communication.

The volumes of imports from SAARC countries as well as the exports of Bangladesh to

Bangladesh is a south Asian country and has an approximate population reaching 164 million. The manufacturing industry is what Bangladesh is known for. That industry also accounted for almost 12% of GDP in 2009 and 2010 with employing over four million people (The Bangladesh Accord Foundation, 2014). The labor force is made up of young, urbanizing, mainly women. Bangladesh accounts for approximately 78% total exports (The Bangladesh Accord Foundation, 2014), which is second to China.

Bangladesh could face a protracted political crisis in the Lead-up to the 2013 elections unless Prime Minister SheikhHasina’s government changes course and take a more conciliatory approach towards the political opposition and the military. In December 2008, following two years of a military-backed caretaker government, the Awami League