Japan 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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Prostitution in Japan In Japan‚ there are several applicable laws for crimes related to prostitution‚ such as the Anti-Prostitution Law‚ the Penal Code and the Child Welfare Law. These penal provisions have been appropriately enforced. Prostitution was officially sanctioned by the Japanese government during the Tokugawa regime. Families which were poor sent their daughters to big cities to find work at brothels and other niches in the sex industry‚ having them enter into “slavish bondage” with
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Tokugawa Japan The Tokugawa Shogunate ruled Japan from 1603 until the Meji Restoration (1603 – 1868). During the Tokugawa period‚ Japan was governed by a feudal system to create a stable state known as the Bakufu. The Shogun was the military ruler of Japan and governed over ¼ of Japan. The Daimyo‚ feudal landlords‚ controlled various parts of Japan and to impede their increasing power‚ various restrictions were placed among them such as where they lived and how they dress. The Daimyo were
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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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practices JAPANSE GAAP Japan in the year 2010 had a GDP of 4.31 trillion dollars making them the 4th largest in the world 1. With this being said it is important that other countries doing business in the nation have a strong knowledge of their accounting practices. Japanese accounting practices have been going through some major changes over the past 10 years. In 2001 Financial Accounting Standards Foundation (FASF) was formed as well as the Accounting Standards Board of Japan (ASBJ) was created
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The 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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Agnese 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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some of the world’s greatest countries. However‚ it is Japan who is most famous for being a suicide-prone nation. While only being ranked ninth for deaths by suicide‚ Japan boasts some of the more disturbing stories behind its suicide victims‚ as well as a long history of this gruesome act. However unheard of it seems to outsiders‚ the methods and reasons behind suicide have become all too common amongst native Japanese. Suicide in Japan began with the samurais who chose ’seppuku’ (the disembowlment
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16 Signs That Japan Loves Small StuffThe Japanese tend to value small things over big. This way of thinking evolved over thousands of years. It has both practical and religious roots. From a practical perspective‚ Japan is an island nation with limited resources and a high population — big is often unworkable. Japan is also a Buddhist country that has been influenced by Buddhist minimalism. Japan’s preference for all things small shows up in dozens of ways. 1. Electronics Japanese electronics
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BANK 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. Consequently
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