Bank of Japan Working Paper Series Chronic Deflation in Japan Kenji Nishizaki* kenji.nishizaki@boj.or.jp Toshitaka Sekine** toshitaka.sekine@boj.or.jp Yoichi Ueno*** youichi.ueno@boj.or.jp No.12-E-6 July 2012 Bank of Japan 2-1-1 Nihonbashi-Hongokucho‚ Chuo-ku‚ Tokyo 103-0021‚ Japan ***Research and Statistics Department (currently Financial Markets Department) ***Research and Statistics Department (currently Takamatsu Branch) ***Research and Statistics Department (currently Monetary Affairs
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to be primarily responsible for the Japanese accounting system being significantly different from other national systems and what influences do you consider the Japanese system will have on international accounting in the future? INTRODUCTION Japan as an accounting jurisdiction is characterized by the dominance of the state (Haller and Raffournier‚ 2003). The accounting rules have been set out in the past fifty years as statute law with an implicit objective that accounting should contribute
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most famed inventions since the late 1800’s was the automobile. The car has revolutionized transportation from the day a company named "Reo" sold its first car‚ the Curved Dashed Oldsmobile in 1901‚ to today. The topic of cars can be broken into many different categories‚ from SUV and sports to European and American. One maker of cars that has branched a lot in past years is Japan. Though we do not realize it‚ most of our cars come from Japan. The top car company as of 2011 is Toyota. Toyota is a
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For the past decade‚ deflation has persisted in Japan. Deflation is the sustained decrease in the average of all prices of goods and services in the economy (Economics Today 2006). Among all the countries since WWII‚ Japan has been suffering from deflation for the longest time. There have been many attempts in stopping deflation. Then why has Japan been under deflation for such a long time? Reason for deflation One reason for the deflation in Japan is the increased goods being imported from China
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Naomi During the middle of the nineteenth century‚ Japan began frequently coming into contact western nations. Because of the backwardness of its feudal state system and military power in the initial age‚ Japan signed some unequal treaties with westerners. The Meiji Restoration and the industrial revolution were the ideologies that Japan learned from western nations. Meiji Restoration and the industrial revolution not only changed Japan’s infrastructure‚ it was also a culture revolution that created
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The military rule in Japan has brought about changes in political‚ economic and social aspect of life. Most of which we think have brought about more harm than good to the nation‚ in other words they are more of a disaster than a blessing. First of‚ what is facism? Well.. Fascism is a political system in which the state has all the power. All citizens must work for the country and the government. A dictator or another powerful person is the head of such a state. He uses a strong army and a police
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INTRODUCTION Louis Vuitton‚ a French fashion house officially founded in 1854‚ is the world’s leading of high-end fashion brand in international fashion industry. The well-known label is LV monogram which is featured on most products ranging from luxury trunks to leather goods is also as a way to deter counterfeiters. Founder of LV first launched a small leather shop in 1821 with the original products specialized in crafting fine leather luggage ware. But since recognized the demand among prestigious
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China and Japan From 1500 to 1800‚ China and Japan tried to politically and economically established their countries in very different ways. Japan fought war after war for a century before they changed their ways. China on the other hand slowly established a government and used education as a tool to be politically and economically strong. Japan would later do the same. China was one of the most politically and economically strong countries during 1500 1800. The state was identified as
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SAVED Presentation – Singtel Telcommuncation 1. External Environment Analysis & Implications a. Political - Legal While SingTel once enjoyed monopoly in Singapore’s telecom industry‚ the government (IDA) introduced and encouraged competition in year 1992‚ believing to prepare Singapore in general for expected increased in competition and expansion both domestically and internationally. SingTel then has been greatly affected with strong competitions such as Starhub and M1 (which respectively acquire
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Because no nation has come half so far so fast‚ Japan is envied by capitalists elsewhere and looked upon as an example to emulate. Thirty years ago‚ its war-shattered economy was little more than one-third the size of Britain’s. Today the Japanese G.N.P. exceeds the combined total of Britain and France‚ and the gap is certain to widen in the years ahead. The Japanese variant of capitalism cannot be readily or precisely copied‚ except perhaps by a few Asian countries‚ because it is rooted in a homogeneous
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