post-war economic miracle The war wiped out many of the gains Japan had made since 1868. About 40% of the nation’s industrial plants and infrastructure were destroyed‚ and production reverted to levels of about fifteen years earlier. The people were shocked by the devastation and swung into action. New factories were equipped with the best modern machines‚ giving Japan an initial competitive advantage over the victor states‚ who now had older factories. As Japan’s second period of economic development
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The cold war is over – and Japan won. ‘ (US presidential candidate campaign slogan‚ 1992)’. Why was the ‘Japanese model’ of economic growth so respected/feared in the 1980’s and why did this respect fade in the course of the 1990’s? In the 1980’s ‘the Japanese model’ of economic growth had two particular aspects that were unique and had not been cultivate by the western world. Firstly the Japanese had an incredible work ethic and secondly they were able to blend the free market with state direction
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84:209–216 DOI 10.1007/s10551-008-9701-8 Ó Springer 2008 ‘‘Karoshi (Work to Death)’’ in Japan Atsuko Kanai ABSTRACT. Since the collapse of Japan’s bubble economy in the early 1990’s‚ the Japanese economy has only recovered slightly. This has direct implications for employment. Both the seniority wage system and the lifetime employment system‚ which were popular during the period of economic growth in Japan‚ unavoidably changed to an outcome-wage system. Now there is greater mobility in employment
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Japan ’s Automakers Face Endaka Due to the Arab oil embargo‚ oil shock was raised in 1970s. The global economy faced a period of recession. The sluggish economy also affects the automobile market. Japan ’s automobiles prevailed for its cheaper cost‚ fuel efficiency‚ and exquisite design. In the early Eighties‚ dollars appreciated against major currencies including the Japanese yen. It boosted the expansion of Japan ’s exports‚ U.S. government faced successive years of trade deficits against
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For Japanese Women‚ a Competition to be Thin In Japan‚ only 3.5 percent of the population is considered obese. In contrast‚ the U.S has a climbing obesity rate that is currently thirty percent. A main reason for the contrast in obesity rates is the “culture of health” that Japan has long promoted. In part‚ Japan has been the healthiest nation thanks to its meals of vegetables‚ fish‚ and small portions. However‚ although Japan is able to avoid the problem of obesity‚ it is experiencing a rapid
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Draft Case Study MAROECONOMIC COUNTRY REPORT - JAPAN ECONOMICS PROJECT 1. GROUP MEMBERS: 14C G Yogesh Kumar XX ..................................................................................................................................................ERROR! BOOKMARK NOT DEFINED. 24C Madhav Purohit XX............................................................................................................................................ Error! Bookmark not defined. 31C Priya
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Japan (日本‚ Nippon) is a country in Asia. It has many islands. Four of them are big‚ and the biggest is the 7th largest island in the world. This island is called Honshu. The islands are near the East Asian coast‚ in the western part of the Pacific Ocean. Japanese people call their country "Nihon" or "Nippon"‚ which means "the origin of the sun" in Japanese. HISTORY In 1941‚ Japan hit Pearl Harbor in Hawaii‚ a water base of the United States and destroyed or damaged many ships and airplanes.
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Background Information Japan‚ otherwise known as‚ The Land of Rising Sun‚ is located in Eastern Asia and is slightly smaller than California. With a population of 127‚368‚088 the majority of the population are Japanese. The people are 98.5% Japanese‚ .5% Korean‚ .4% Chinese‚ and .6% other. The average age of the people is 45.4 years‚ 0-14 years makes up 13.5% of the population‚ 62.6% 15-64‚ and 23.9% other. Much of the population practice both Shintoism and Buddhism religions‚ while about 9%
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Japan’s Economic Malaise An affluent economy has the dynamics to identify their financial strength and prosperity by the principles they practice and execute. However‚ when a country becomes overly confident on their abilities to remain consistent as a global power they become vulnerable to complacency. A nation’s economic wealth becomes susceptible when they no longer recognize the potential risks that may lead their country to either a recession or total collapse of their economy. Japan’s
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Japanese Economic Development: 19392904889500Sample questions from previous midterms 1734185317500Japan’s largest import in the 1870’s was raw cotton. It’s price fell 45 percent. Japan’s largest export in the 1870s was raw silk. Its price rose 50%. (8 points) Show using a graph why if these were Japan’s only export good and only import good‚ this would imply that Japan would have gained from trade. (note: the specific numbers don’t matter‚ just showing the kind of change from autonomy to trade)
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