Japanese Economy Essay

1. The triple disaster of March 2011 and its impact on Japanese politics and economy The triple disaster: earthquake, tsunami and Fukushima nuclear accident. The earthquake and tsunami caused extensive and severe structural damage in north-eastern Japan, including heavy damage to roads and railways as well as fires in many areas, and a dam collapse. Naoto Kan said, "In the 65 years after the end of World War II, this is the toughest and the most difficult crisis for Japan." Around 4.4 million

terms of political power and the third largest national economy after the United States and China as per the 2011 figures. The development of the Japanese economy to reach such a status happened in time and especially after the Restoration of the Meji Dynasty in 1868. Since then, Japan was in constant contact with the western world especially with the United States. The Meji Restoration was a crucial moment in the history of the Japanese state and its culture because it provided the historical

foreign countries took means of the direct investment to Japan, but it present the general trend of the low jumping-off point and limited progress. At the early period of 50s, there are merely two to three million dollars in each year’s scales. The Japanese government formally revealed a large scale of introducing the foreign capital once it implemented the first capital liberalization in 1967. During 1981 to 1986, the total amount invested from foreign countries has reached 42 billion dollars over

1945. Since then, its economy has grown through its technological and manufacturing side. When the company was defeated in 1945, it was in an economic ruin. Everything that came before was in shambles, but little did the country know there was huge room for growth. (Ohno, 2006) After Japan was defeated in 1945, Japan was under US occupation. During this time a recovery strategy was put into place to work with the already in motion political and economic system. The Japanese entered a period of rapid

transformation of Japanese society. Global processes have increased wages and homelessness, strengthened environmental management programs, shifted governance towards regionalism, and threatened linguistic diversity in Japan. Numerous studies on Japan’s economy provide both the positive and negative effects of globalization. Nakamura (2013) used Japanese wage censuses from 1998, 2000, and 2002 to explore the effects of inward and outward foreign direct investment (FDI) on the wages of Japanese workers in

strongest economies of Northeast Asia and have been very important players in global economy since the start of globalization era. These two economies have major impact on global economy. Both the economies have experienced various external and internal challenges. Therefore, it is important that we look at how these economies have been performing historically, more specifically since 1980s, so that we could get an idea about who might be a more significant player in the global economy in the future

This writer tends to say that the globalization brings not just positive thingas well as something neutral. And brings out a good entry point to learn the globalization in japan, as he lists several important period and analysis them. Give some idea to understand toward Friedman’s flat and how japan should be defined as a flat world. During the Meiji period, Japan is isolated, and then the international trade’ power breaks down the situation. It share kind of same idea of Friedman’s 1.0 world, At

in Japan was referred to by Chalmers Johnson as “soft authoritarianism” (quoted in Lim 2014, p.46). However, unlike China, all of Japan’s lawmakers were democratically elected to the National Diet. Under such a system, LDP managed to dominate the Japanese parliament for 38 years. During the 1960s and 1970s, Japan experienced rapid economic development, known as “the economic miracle,” while LDP was continuously in leadership.

Japan's Changing Culture and the Global Economy: Japan is an Eastern nation that is equivalent to the United States with regards to her economic status. The country's capitalistic philosophy started during the Meiji restoration in the late 1860s and was further developed and embedded through the work of Deming. Throughout its history, Japan is regarded as a religiously and ethnically standardized society with a feudal past of strong nationalistic and internal allegiances. While the country falls

business and economic growth to rebuild a strong nation and economy. The Liberal Democratic party have achieved great economic success, which allowed it to provide benefits to large segments of the population. Even though The power of the Liberal Democratic Party LDP totally fail in 2009, and switch the power to the Democratic Party of Japan DPJ. This happened due to the 2008-2009 global finical crisis that caused a significant drop in the Japanese income, which led the voters to see that the LDP as