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Why did Japan's economy boost in the 1980s? The boost of the Japanese economy in the 1980s is like most complicated historical events, it cannot be reduced to a single cause or reason. Indeed, several factors played major roles in this economical enhancement, including good government decisions, the foundation of a new education system, external factors such as the American occupation and the American donations after the Second World War. Lastly, the people’s recognition of the role they had to...
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Open DocumentThe economy of Japan is the world’s second largest developed country, the third largest by nominal GDP and the forth largest in terms of purchasing power parity. Japan relies on its comparative advantage in high-end technology, research and development to drive its economy. Since the end of World War II Japan’s economy has grown at a unseen rate, propelling it from that of a war torn empire to that of one of the most technologically advanced nations in the world. Unfortunately the meteoric growth...
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Open DocumentThe economy of Japan is the third largest in the world by nominal GDP,[11][12] the fourth largest by purchasing power parity [13] and is the world's second largest developed economy.[14] According to the International Monetary Fund, the country's per capita GDP (PPP) was at $36,899 or the 22nd highest in 2013.[15] Japan is a member of Group of Eight. The Japanese economy is forecasted by the Quarterly Tankan survey of business sentiment conducted by the Bank of Japan.[16] Japan is the world's...
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Open Document84:209–216 DOI 10.1007/s10551-008-9701-8 Ó Springer 2008 ‘‘Karoshi (Work to Death)’’ in Japan Atsuko Kanai ABSTRACT. Since the collapse of Japan’s bubble economy in the early 1990’s, the Japanese economy has only recovered slightly. This has direct implications for employment. Both the seniority wage system and the lifetime employment system, which were popular during the period of economic growth in Japan, unavoidably changed to an outcome-wage system. Now there is greater mobility in employment...
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Open DocumentThe Rise of Western Culture and Economy in Japan after World War II According to some scholars, a society's culture determines its economic destiny. Before 1860, Japan had been isolated for over two centuries, and it was not until the aftermath of World War II when Japan was forced to ration food to extreme measures (Hiesinger 39), the Japanese people's fear of become a Western sub-colony coupled with “their flexible attitude towards cultural variance (Sparke 10),” ushered them into economic and...
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Open DocumentJapan has long hoped for a bit of inflation—but not this sort ----Bhavya Upadhyay The article discusses on the good, the bad and the ugly side of the rising inflation in Japan. All over the world inflation is raising its ugly head but for a country like Japan it may be a blessing in disguise. An inflation of 1.0% in Japan may be a good sign, a case of the economy finally moving out of the long decade of deflation. The article explores on how the Japanese economy will benefit from inflation in...
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Open DocumentAgnese and Sala (2009) mentioned the puzzling performance of Japan in the past two decades is the object of growing attention in the literature. In this paper, we are discussing about one salient feature of this performance – the long term unemployment in Japan. According to Bloomberg, AFP on Business Times dated on 30 November 2011, it was mentioned the country faced a high unemployment rate at 4.5% in October 2011 which is higher than the 29 economists’ prediction. Our aim is to exam the causes...
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Open DocumentBANK OF JAPAN’S MEETING IN MARCH 2006: AN END TO THE QUANTITATIVE EASING POLICY? Japan underwent a decade-long odyssey with deflation and the zero-bound problem. Economic activity in Japan slowed precipitously following the collapse of the socalled bubble economy in December 1989, and Japan began to experience deflation by early 1995. During this initial period, while the economy was slowing, forecasters and policymakers consistently underestimated the extent of Japan’s economic malaise...
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Open DocumentJohn Long MBA 58001 International Business Professor Sharp 12/5/10 Sushi Economy This book critique is on the book, “The Sushi Economy: Globalization and the Making of a modern delicacy.” by Sasha Issenberg. This is a Fact based book about the sudden explosion of the availability of Sushi and Tuna to the world. The book takes you through the changes in the economies and cultures on display. The book follows several key people and events in the story of the globalization of Sushi. Several...
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Open DocumentJapan could be a potential market for Dell. Dell Inc. is a growing company that provides a range of computer products for enterprise markets and consumers. Dell offers a broad range of desktops and notebook PC’s. They also offer printers, network servers, projectors, storage systems, Ethernet switches, and work stations. The company markets third party software and provides system integration, support, and training. We believe that Japan would be a potential market for Dell Inc. Japan is the largest...
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