Japanese Economics Research Paper Example | Topics and Well Written Essays - 2250 words

Japanese Economics - Research Paper Example Most of the workers on the short-term basis worked hard to get long-term employment. This helped in post war Japan takeoff in terms of economics (Ohno, 2006). The transition from 1970 to 1980 saw Japan catch up with the other industrial economies of the world. However, this trend was not to remain due to unchanging policies. There was a lack of modern investment opportunities and poor management (Sakisaka & Gaimusho, 2007). This led to business firms, real estate and financial institutions falling prey to speculation. This finally led to the ‘bubble’ economy (Ohno, 2006). The effects were to be felt in the 1990s. Japan continues to struggle to get out of these effects until now. This will only be possible through sweeping reforms. This paper seeks to focus on the Japanese economy. Japanese Geography, Language, Population Japan is one of the countries of East Asia. It is made up of thousand of islands. However, there are crucial islands. They include Honshu, Hokkaido, Kyu shu and Shiloku. These are the largest of those islands that make up Japan. Japans neighbors are Korea, Russia, and China. It has a size equal that of Germany or California (Japan Guide, 2013). The language of most of the population is Japanese. However, there has been infiltration of foreign languages. The population is estimated to be 125 million (Japan Guide, 2013). In this estimate, two million are foreign residents. Most of the foreigners are the Korean. This place is also vulnerable to earthquakes and volcanoes. This is because this country is mostly mountainous. There is also variation in climate due to different islands that make up the country. Economy Japan economy ranks high in the world. In fact, Japan rank second among the most... Japan has been struggling with inflation for a long time. However, inflation is expected to slow down. For example, the central bank has introduced an inflation target of 2 percent (Einhorn, 2013). Various initiatives have been taken to curb inflation are already in place. The current one has been buying Yen to issue bonds. This will help by weakening the Yen and hence reviving inflation rate. However, Japan trade deficits have declined significantly. It stands at 362.4 billion yen that is half of what was reported at the beginning of the year (Einhorn, 2013). Moreover, in Japan there has been an increased in the number of unemployed individuals. For example, in March the unemployment rate was 4.10 percent as compared to the onset of the year when it stood at 4.3 (Trading Economics, 2012). For the last six decades, unemployment rate in Japan has averaged 2.68 percent. However, it was at its highest level in July of 2009 at 5.60 percent (Trading Economics, 2012).Japanese Openness, Cur rency, Current Exchange Rate, Primary Exports, Imports, Current Account Balance, Major Trading Partners, AgreementsThe rate of openness of a country influences its economy in myriad ways. There is a role and importance of this trend to economic growth. This openness is reflected in terms of international knowledge streams and international movement of people, resources and technology (Research Institute of Economy, Trade and Industry, 2011). Openness can also lead to failure of some key sector of the economy.