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this thread titled "THE JAPANESE ECONOMY - A SNEAK PEEK"
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Kindly sit back and enjoy
this thread titled "THE JAPANESE ECONOMY - A SNEAK PEEK"#GetSmarterEveryday #EDH
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Currency: Japanese Yen
GDP 2019: $5.71 Trillion
Unemployment rate '20: 2.9%
Inflation rate '20: 0.3%
Currency: Japanese YenGDP 2019: $5.71 TrillionUnemployment rate '20: 2.9%Inflation rate '20: 0.3%
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Japan is an East Asian country with a population of 126,860,301. Japan's economy is the third-largest in the world after the US and China by nominal GDP and the fourth-largest by purchasing power parity. Japan boasts a highly developed free-market economy and the world's
Japan is an East Asian country with a population of 126,860,301. Japan's economy is the third-largest in the world after the US and China by nominal GDP and the fourth-largest by purchasing power parity. Japan boasts a highly developed free-market economy and the world's
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second-largest developed economy (also after the US). After losing World War II in 1945, Japan's economy began to take-off in the 1970s. This was made possible by breeding large companies, a wealth of a well educated, highly skilled workforce, a bottom-up
second-largest developed economy (also after the US). After losing World War II in 1945, Japan's economy began to take-off in the 1970s. This was made possible by breeding large companies, a wealth of a well educated, highly skilled workforce, a bottom-up
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management style/industrial policy, among others.
A key element of Japanese success was the keiretsu—huge business groups that link industrialists, banks, and trading companies through reciprocal ownership of stock and long-standing exclusive relationships—individual
management style/industrial policy, among others.
A key element of Japanese success was the keiretsu—huge business groups that link industrialists, banks, and trading companies through reciprocal ownership of stock and long-standing exclusive relationships—individual
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companies gained financial strength and connections that allowed them to undercut foreign and domestic rivals. Japan was breathing down the neck of the US.
Fast forward 50 years and Japan can barely register a growth. Even before COVID-19, the economy
companies gained financial strength and connections that allowed them to undercut foreign and domestic rivals. Japan was breathing down the neck of the US.
Fast forward 50 years and Japan can barely register a growth. Even before COVID-19, the economy
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grew by less than 0.5% in 2018 and 2019 because Japan is an export-dependent country. International trade started declining in 2018 when the trade war approached its peak, thereby cutting-out a huge and essential part of the country's economy.
grew by less than 0.5% in 2018 and 2019 because Japan is an export-dependent country. International trade started declining in 2018 when the trade war approached its peak, thereby cutting-out a huge and essential part of the country's economy.
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Japan has been struggling to bring back factory and manufacturing orders to previous then covid-19 came visiting - a visitor that's yet to leave the house.
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Japan has been struggling to bring back factory and manufacturing orders to previous then covid-19 came visiting - a visitor that's yet to leave the house.
END OF THREAD!!!
Kindly drop your comments and feedbacks
. Don't forget to rt and help others get smarter.
