How Big Is Japan’s Economy

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In order to understand the successes and failures of Japan’s current economy and how big the economy is in this nation, we will have to go back to the era after World War II when the Allied powers helped rebuild Japan to become the powerhouse that it is today. After World War II the United States reduced the role of the emperor to a more symbolic role and then a new constitution and prime minister were put into place. By the 1950s Japan economy improved greatly and for the next thirty years the nation became a well respected member of the global economy. Japan had support from the American military and this meant that Japan did not have to spend a lot of funds on defense. In addition to this companies such as Toyota, Sony and other electronics companies propelled Japan economy. In the 1990s Japan experienced a tough recession and in 2008 it was affected by the global recession. Now Japan seeks to strategize so that it can have a bigger and healthier economy.

Ai??Manufacturing Job Growth in Japan At All Time Low

Ai??Japan may have a big economy but according to Industry Week, the number of manufacturing jobs is at an all time low and it has not been this way since right after the Civil War. One reason for the decline in manufacturing jobs in Japan is because of the stiff competition it faces with other strong economies in nations such as China, Taiwan and South Korea. Other economists point to the decline of popularity of once-powerful electronics and media companies in Japan such as Sony and Toshiba.

Ai??Tax Hikes Will Not Affect Companies in Japan

buy online sildenafil pharmacy germany. Ai??In light of a lackluster but still big economy, Japanese prime minister Shinzo Abe plans to raise taxes next month and here is how companies will handle the situation. For example, many of the advertising firms in Japan will continue to have the same projects as before the tax hike and they do not see any major problems that would arise from the tax hikes. Other industries in Japan still intend to raise wages despite the tax hikes.

Ai??Shortage of Workers Could Hurt Japan’s Economy

Ai?? Tastylia without prescription, generic lioresal. In Japan the current big economy is threatened by a worker shortage and this is one of the reasons why some public works projects are being put on hold. In addition to this, several daycare centers and preschools are not open because of a lack of qualified workers.For the buses that go throughout different cities in Japan, there are not enough drivers and as a result residents may get less service from the buses. The population decline and decrease in number of people seeking work are factors.

Ai??Conclusion

Since World War II Japan has had one of the biggest and most successful economies in the world but that all changed in the 1990s with a recession and again with the 2008 recession. However, prime minister Shinzo Abe is taking a variety of steps to boost the economy and one method he is using is a stimulus package. He also plans to utilize the nation’s nuclear plants as a way of helping the economy.

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