Co-economic climate in Japan

Résumé du document

For this economic coursework we have chosen to speak about Japan. We think that Japan is a really interesting country to speak about because of its economy which is one of the greatest in the world nowadays. The economy experienced a major slowdown starting in the 1990s following three decades of unprecedented growth, but Japan still remains a major economic power. The work is divided into six parts. The first one is a small introduction of the country (ID card, history and economy) and in the following pages you will be able to read everything about the 5 macroeconomics indicators : GDP, BOP, Unemployment rate, Inflation rate and Exchange rate. Eventually we write a small conclusion about what we learn throughout this coursework. We have decided to work in the same way for each indicator. First is a small definition of the term, then evolution figures from 2000 to 2005 (if we found the data) and explanation about them (with charts), then we compare these figures with Belgium, Europe and USA when it was possible.

Extraits

[...] The work is divided into six parts. The first one is a small introduction of the country (ID card, history and economy) and in the following pages you will be able to read everything about the 5 macroeconomics indicators : GDP, BOP, Unemployment rate, Inflation rate and Exchange rate. Eventually we write a small conclusion about what we learn throughout this coursework. We have decided to work in the same way for each indicator. First is a small definition of the term, then evolution figures from 2000 to 2005 (if we found the data) and explanation about them (with charts), then we compare these figures with Belgium, Europe and USA when it was possible. [...]

[...] Economic development On peu peut-être enlever cette partie ! Thanks to government-industry cooperation, Japan advance rapidly to the rank of second most technologically-powerful economy in the world after the US and third-largest economy after the US and China. A basic feature of the Japanese economy is the working together of manufacturers, suppliers, and distributors in groups called keiretsu. A second basic feature has been the guarantee of lifetime employment for the urban labor force. But today those features are eroding. [...]

[...] Coins come in 1 Yen Yen Yen Yen Yen and 500 Yen. Bills come in 1,000 Yen Yen (very rare) Yen and 10,000 Yen. Vending machines usually accept 10 Yen Yen Yen and 500 Yen coins, as well as 1,000 Yen bills. Some newer machines also accept 5,000 Yen and 10,000 Yen bills. Forecast (Japan Vs USA) Inflation rate The Inflation rate is sustained rise in the general level of prices over some defined time period Inflation As you can see in the table, the Japanese economy is in deflation since 1999. [...]

[...] This was the worst period for the BOF of Japan. After this, BOF increased until nowadays, to reach a result of 185 trillions Yen in 2004, up 18.1 percent from the previous year. It can be explained by an incessant raise in exportations of Japan. This surplus in BOF is the result of exportations, which are higher than importations. One reason is that Japan is one of the biggest producing country in the world. Actually, they are specialised in production of high-technology goods (computers and electronic devices), cars which are sent all over the world. [...]

[...] It was the first time in 40 years since 1963-1964 that a surplus for two straight years was recorded. Comparison with USA: The USA Balance of payment has always been in deficit, but it's just getting worst during the last years. We can see that exportations and importations are rising, but it's not sufficient to improve the situation. The figures are critical: it decreases from about - 110 billion $ in 2003 to about -130 billion $ in 2004. Moreover, the dollar exchange rate doesn't stop to fall. [...]