Japanese Economy Vs Australian Economy

Australia and Koreas employment rates are relatively similar, over 72% of Australians aged between 15-64 have a paid job, and 64% of Koreans aged between 15-64 have a paid job. From each of these indicators, Australia comes out stronger. Economic Growth and Quality of Life. Economic growth is defined as an increase in the amount of goods and services produced per head of the population over a period of time. This can happen many different ways.

The Chinese and Australia economies have many similarities and differences, including the size of the economies, growth rates, unemployment, inequality, standard of living, environmental issues and the roles the different governments have in influencing and modifying these factors of the economy.

This report will show an overview of the current state of the Australian economy and its management by the Federal government through examining economic indicators such as economic growth (GDP), unemployment, inflation and trade.

An increase or decrease in the unemployment rate can have a multiple effects on the Australian economy, both beneficial as well detrimental to the economic conditions and the societal outlook.

Since the signing of the 1951 peace treaty between Australia and Japan, the two countries have rapidly built a productive relationship. Many factors and events have contributed to the development of this partnership. The ANZUS treaty was the turning point in the Austral-Japanese relationship. It assured Australia protection against Japan and provided security in the Asia-Pacific region. Trade and cultural exchange also played a significant role in shaping Australia's relationship with Japan. Growth of trade was a contributor to the sense of a mutual interest between the two countries. The cultural exchange often helped to recognise and accept the differences between Australia and Japan.

Other statistical important values are the unemployment rate and life expectancy. The unemployment rate amount Japanese is 4.0%, whereas the United States is 7.4% (Find-the-data, 2015). This is one of the reasons the Japanese government is able to keep down costs. However, the average life expectancy of Japanese citizens is 83.33 years to U.S. 78.84 years, which would require Japan to care for their citizen’s longer (Find-the-data, 2015). This can financially impact the government with increased expenses and costs to an aging nation.

The basic economic problem for any country is that resources are scarce while wants are infinite. This means that countries must decide what to produce, how to produce and for whom to produce in the most efficient and equitable way possible. Australia and China both take different approaches to solving this economic problem, even though both can technically be classified as a mixed economy

This document aims to shed light on the issue of trade between Australia and Japan. In this comprehensive, yet brief report, areas covered include:

The United States of America is one of the world leading economic powers in the world. The question is, how does the Unites States compare to other nation powers.Australia ,Cananda , China and Britain are just a few of the nation powers that can compare to the United states. This report will focus more one of the main rivials to the United States and that is Japan. Here is just a sample of Japans Numbers for 2004 compared to the United States. Unite States GDP growth is 4.30% ,unemployment is 5.60% and Inflation Rate is 1.90%. In Japan the GDP growth is 4.50% , unemployment is 4.60% and Inflation Rate is -.04%. . I think this is an important perspective because we really do live in a global

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 Japanese economy, the 2nd largest in the world, accounts for 7.1% Global World GDP, at US$4.6 triliion and a per capita income of approximately US$33,550 (World Bank 2006). As a result of globalisation, literacy levels are at 99% and the general living standards of the

In the past quarter the unemployment rate in South Australia has remained steady at 5.6% (Australian Bureau of Statistics, 2009) but this figure is volatile and may increase next month. The youth unemployment rate, however, in South Australia remains at 21.9% with the Western and Northern suburbs having significantly higher

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.

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.

Suggestions have been made as to how to offset the decrease in population—increasing the immigrant population as well as incentives attempt to increase the birth rate. According to the living and human development index, Japan has very high standard of living in addition to the highest life expectancy and the infant mortality rate is 3rd lowest.