I chose Japanese economy as my topic because Japan as a nation has been popularly known for its technology and indescribable talented human resources and the world look at it as an emerging super power when it comes to science and technology. Thus, I am interested to study the structure and growth of Japanese economy.
Structure and growth of Japanese economy:
Prior to 1960s Japan only focuses on the defence matter and doesn’t think much on building one’s economy but during Meiji restoration in 1868 -1912, it focuses on the development of an economy thus ignored spending on the defence. Instead it comes up with the ‘rich state and strong army policy’ mainly to industrialise the nation so as to compete with the West. Under the government policy,
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It accounts for 24% of the nation’s gross domestic product. It enjoys high technological development in many fields including consumer electronics, optical media, copy machines and optical fibers.
Automobile manufacturing:
The rapid growth and success of Toyota’s Lexus LS and other Japanese automakers reflects Japan’s strength and global dominance in the automobile industry. It is the third biggest producer of automobiles in the world.
Services:
Japan airlines, though faced with massive debts as of 2010, and is considered one of the largest airlines in the world. Japan’s service sector accounts for about three- quarters of its total economic output. Trade and services in japan consists of insurance, real estate, retailing, banking, transportation, Japan Airlines and telecommunication.
Tourism:
In 2012, Japan was the fifth most visited country in Asia and the Pacific, with over 8.3 million tourists. The government hopes to attract 20 million visitors a year by 2020 summer Olympics in Tokyo. Hemeji Castle is one of the most visited sights in Japan. Some of the popular visited destinations are Kobe, Kyoto, Ginza, Hokkaido and
Japan was a country of contradictions in the early 1900's. Her growth in industry was a major factor for influencing her growth of power; whilst at the same time their structure was a very traditional political one. The Japanese Emperor Hirohito was right in the centre of the Japanese government. The emperor made Japan very militaristic and the military had a very strong influence in Japan. Japan's growth in industry had risen greatly since in the preceding 50 years and still it continued to grow.
...feat of Japan in World War 2). With the changes of the nature of power, Japan by balancing out aggressive economic policies and a quiet military buildup, was able to build herself up to become a prominent player in the international sphere today. In closing, while Japan’s policies today in general have been skewered towards the arguments of the ‘Gentleman’, increasingly Japan has considered more realist concerns of security in the escalation of tensions of the East Asian geopolitical sphere. Chomin’s Discourse has nonetheless served as a prophetic blueprint for more than a century of Japan policy-making.
After World War 1 Japan had a hard time adjusting to the new world. “While its economy was still primarily agricultural, rapid population growth (to over 80 million) had diminished the amount of land suitable for farming. Many people lived in small houses, lacking running water. In a nation about the size of California, only one of every six acres was farmland. This put great pressure on Japanese government to find more space and land for its people.” (America Enters World War II page 12). Japan attempted to change its agricultural-based economic system to an industrial based system. “But the international system of trade barriers and tariffs, established by the United States and other industrial powers to protect domestic manufacturing, hindered Japan’s industrial expansion.” (America Enters World War II page 13). Many of the materials Japan needed were found in neighboring countries that were controlled by European powers. Japan began to question it’s right to Asian markets and raw materials. “J...
In the late nineteenth century, Japan’s economy began to grow and industrialize. Because of the scarcity of natural resources in Japan, they relied on imported materials from other countries. In September 1940, the United States placed an embargo on Japan by outlawing exports of steel, iron, and aviation fuel, because Japan took over north...
Weinstein, Andrew. "Japan's Auto Industry ." About JAMA. N.p., n.d. Web. 20 Apr. 2012. .
Lexus is the luxury vehicle brand which is the division of the Toyota Motor Corporation. Lexus was launched in the year 1989 and introduced first in US. Now Lexus is sold all over the world. Lexus was founded by Eiji Toyoda. Lexus is now sold in more the 70 countries and regions globally, and now it is graded among the 10 largest Japanese brand which are traded globally. The headquarters of Lexus is located in Nagoya, Japan. And the functional centers are situated in Belgium, Brussels and Torrance, USA and California. Lexus brand is considered as a premium brand. Lexus has been a successful brand and is performing impressively currently. Over 490,000 Lexus vehicles are sold and 60% of the sales happening worldwide is in North America.
During the 17th and 18th centuries, the Chinese and Japanese faced much internal conflict, but while China faced a combination of economic setbacks and political weakness, the Japanese were riddled with wars along their countryside. First, the Chinese emperor was too weak in comparison to his bureaucracy, which ended up making most of the decisions for the last Ming dynasty emperor. This was due to the emperor’s realization that having a title as Son of Heaven did not mean he had all the power of the empire. Instead he lived a laid back life where the bureaucrats vied for power and wealth amongst themselves and he merely managed them. Like the Chinese, the Japanese also saw elites battling it out for power, but this time on the battlefield with armies of samurai. These battles put Japan in a period much like the Warring States period in early Chinese history, where families fought and fought for power almost endlessly. The political weakness in China contributed to its economic failure as well. With no force to manage to seas, pirates were free to raid trade ships and villages along the coast line, weakening the Chinese economy that relied on a transport system to supply the country. These two major forces led to China’s fragmentation and eventual takeover by the Manchu. In contrast, the battles happening in Japan were not harmful to the economy as much as they were in China. This is due to the fact that the Japanese daimyos were independent...
As one of the leading automobile manufacturers in the world, Toyota ranks within the top three worldwide. Due to their unique business model, they are now have a market share of 14% in the first four months of this year. That is an astonishing 2.3% jump from the previous year. According to Autodata.com, the Toyota City based automaker ranks fourth in United States sales.
In conclusion, I tried to explain what experienced in Japan during the first years of rapid economic growth in terms of its social consequences. According to my argument, I tried to show imbalances which occurred with economic development in post- war Japan. In other words, economic development cannot appear as linear social development. Post- war Japan has witnessed positive and negative social consequences after implementing economic recovery. Therefore, we can say that society cannot always embrace economic development positively. Economic transformation brings its own waves and thus society fluctuates regarding its embracement. Japanese society received its share with this economic recovery during post- war period.
Export trends have been an important factor during Japan's present economic adjustment period, and the structures of Japanese exports, together with the imports, have been changing substantially in recent years. The changes in the country's export and import structures during the 1990s can be characterized by the following three key developments: (1) the weight of IT-related goods has been rising in both real exports and imports; (2) real imports of consumer goods from East Asia has been increasing; and (3) the US remains Japan's largest trading partner as a single country. Due to these factors, maintaining its comparative advantage became the priority in the current global economy.
If one strips the story to its generalities rather than specifics, it is easy to relate this to World War II through the attack on Pearl Harbor and subsequent actions. Japan had relatively recently entered onto the world stage and faced issues that plagued other youthful nations. Japan required expansion to feed its growing populace. The easies...
The Japanese Economy & nbsp;& nbsp;& nbsp;& nbsp;& nbsp; The prewar economy of Japan was a Socialist economy and the country was ruled by an emperor up to WW2 and after WW2 it started to lean towards a mixed market economy until what it is today, although its government is Socialist it is leaning towards a mixed market economy. & nbsp; The Japanese economy is a mixed economy that leans towards market, it is like this because almost all businesses are run by private corporations or people. and that is the market of the economy. And the reason that they are thriving and are so competitive is because of the trade tariffs and quotas that the government has in place. These regulations include heavy taxes on some products.
...high power status, Japan had to have a self-reliant industrial common ground and be able to move all human and material resources (S,195). Through the Shogun Revolution of 1868, the abolition of Feudalism in 1871, the activation of the national army in 1873, and the assembly of parliament in 1889, the political system of Japan became westernized (Q,3). Local Labor and commercial assistance from the United States and Europe allowed Japan’s industry to bloom into a developed, modern, industrial nation (Q,3). As a consequence production surplus, and food shortage followed (Q,3). Because of how much it relied on aid of western powers, Japan’s strategic position became especially weak. In an attempt to break off slightly from the aid of the west Japanese leaders believed that it would be essential for Japan to expand beyond its borders to obtain necessary raw materials.
Our preliminary class gave a brief, yet detailed outline of major events affecting the East Asian region. Within that class, prompted by our limited geographical knowledge of Asia, we were given a fundamental explanation of the geographical locations of the various events taking place in the region. In subsequent classes, we were introduced to the major wars, political shifts, and economic interests which shaped Japan, China and Korea to what they are today. We examined the paradigm of pre-modern Japanese governance, the Shogunate, and the trained warriors which defended lord and land, Samurai. In addition, we examined the socio-economic classes of Medieval Japan, which included the Samurai, peasants, craftsmen, and the merchants. We also examined pre-1945 Japan’s policies toward foreign entities, notably the Sakoku Policy, which sought to expunge all foreign presence and commerce in an effort to protect its borders and culture. 1945, however, saw ...
Japan is one of the greatest countries in the world and it has offered many things as well. The Japanese have given the world a better understanding of their culture and history along with a good look at the future from a technological standpoint. They have developed and created the future for their country that has allowed them to be prosperous and powerful. They once isolated themselves from the rest of the world, but now they share their knowledge with other countries in order to create a better understanding of the world. Through their trade and creative thinking they have become one of the world’s largest and powerful countries and have allowed their economy to flourish and prosper.