Japan s World s Third Largest Economy - 875 Words

Japan is a vital economic power not only in Asia, but the world as well. It is currently the world’s third largest economy, previously in second place, behind America and China respectively (GlobalEdge). Like many other countries within the Pacific, Japan is a part of APEC (Asian-Pacific Economic Cooperation). This is a forum that â€Å"works towards a higher standard of living†¦through sustainable economic growth.†(APEC, GlobalEdge). Despite the fact of how comfortable/well-off Japan seems, they are currently facing multiple issues within their economy and societal factors. One major issue Japan is facing today involves their declining population, and the quick growth of the older generation. The current population growth rate is at -0.163%, and it is expected to continuously drop over time. This factor negatively affects Japan’s work force/labor pool, seeing as how there is a larger amount of elderly people compared to younger ones that should be working. Japan’s labor force in total is estimated at 65 million people (GlobalEdge), which is a little over half of the population (127 million). Their unemployment rate is at 3.4% (OECD), which is relatively good compared to America’s 5.5% (U.S. Bureau). This rate is also much lower than the rates in 2011 when unemployment was at 4.50% (Japan Unemployment.). Japan is a developed country that has a high income: OECD (World Bank), it is also ranked 4th out of 193 countries based on its GDP. Its current GDP, PPP â€Å"at market price† in US$Show MoreRelatedDifferences Between Countries And Developing Countries1215 Words   |  5 Pagesdifferentiate countries by grouping them into developed and developing countries. A developed country is a country that has progressed relatively far during time and has a highly developed economy and advanced technological infrastructure. Some examples of developed countries are the U.S.A, Canada, the United Kingdom, Japan, Netherlands and many others. They are normally the more profound countries that we hear about more often than developing countries. A developing country is a country that is at an earlyRead MoreChinas Economic Growth1224 Words   |  5 Pagesgrowth patterns with Japan, Korea, and Taiwan due to cultural similarities, geographic location, similar economic development strategies, or, in the case of Japan, relatively large size of the domestic economy. China’s economic growth is expanding at a great pace, while other countries may be at a standstill. China has been the world s fastest-growing economy. One of the main stimuli twelve years ago was the release of Hong Kong to China from Great Britain. The second largest stimulus was the openingRead MoreThe United States Of America Essay1694 Words   |  7 Pagespeople think. The United States of America is facing problems a lot of people are either unaware of or just dont think its a big deal. Most of america think that our economy and government is in alright financial shape, That may not be the case though. America is in bad shape and it seems to be going down hill. America is declining in world power as well and this is just another factor leading to a crash in the future. Other nations are growing a lot more powerful than they have been in the past causingRead MoreJap A Country And The Links That Australia1428 Words   |  6 Pagesthan Japan.† This article will give an overview of Japan as a country and the links that Australia has with this country, whether it be through culture, defence and military, tourism, trade or sport. It will also look into historical events that sparked these links and how these relationships were formed and strengthened. Finally, it will go into how these links have changed the way we see Japan, and how these links have changed Australia to what we know it as today. Between the Sea of Japan andRead MoreJapans Development Of Japan1119 Words   |  5 PagesJapan, a major economic power in the world, is located in Eastern Asia between the North Pacific Ocean and the Sea of Japan. Japan’s population is 127,103,388 and currently stands number 11 compared to other countries population. Japan’s system of government is a parliamentary government with a constitutional monarchy. Currently, Japan’s GDP is $4901 billion US dollars lower than what it was in 2012, $5938 billion dollars. Japan’s GDP per capita is recorded at $37,432.91 higher than what it has beenRead MoreWhen we as in the individuals think about what a Superpower is, we usually think that it’s pretty1000 Words   |  4 Pages The superpowers countries in the world are most effective in doing some political or either economic decisions. There are a number of factors that you must contribute to become a superpower including military resources, political infl uence, economic power and human resources. Military power is the most valued consideration that helps in becoming a country superpower. France for instance, its economy is ranked as the ninth largest in the world and fourth largest in the Europe by purchasing powerRead MoreThe Rise Of China s Rise1656 Words   |  7 Pages100145621 Is the rise of China to be welcomed or feared In this essay, I will argue that China s rise should not be welcomed and that it should be feared instead. This is because China s status as one of the world s most powerful nation will make it seek to establish hegemony within Asia, and eventually dominate the world as the sole hegemony. The USA and China s neighbouring countries will try to stop China s pursuit of hegemony in Asia, and this could lead to intense security tension between twoRead MoreThe Factors And Opportunities Of Entering The Market1415 Words   |  6 PagesMy company is comparing the factors and opportunities of entering the market in Japan. I will explore legal, political, financial, economical, and other factors. After I analyze these factors, I will decide whether or not it is a good idea to proceed to do business in Japan based on my findings of the country. The country of Japan has several plausible legal and political aspects. The â€Å"Iron Triangle System† was created in order to fight Japan’s corruption in the legal system. This â€Å"Iron TriangleRead MoreWorld War II And Japan1492 Words   |  6 PagesWorld War II and Japan The Greater Japanese Empire was one of the fastest growing and most dominant world powers of the late 1800’s and early 1900’s. After being created as a result of the Meiji Restoration of 1868, the Empire of Japan grew quite well and prospered until it was dissolved in 1947. Although Japan experienced a long period of economic strife, massive destruction and a switch from a military to a consumer based economy, after World War II, the country emerged stronger than ever andRead MoreA Country Description Of Japan Essay1604 Words   |  7 PagesPart I- Country Description Japan has a population of 126,702,133, with a growth rate of -0.19%. Religious practices are as follows: Shintoism 79.2%, Buddhism 66.8%, Christianity 1.5%, other 7.1% (many people practice both Shintoism and Buddhism). The climate varies from tropical in south to cool temperate in north. The terrain is mostly rugged and mountainous. There are many dormant and some active volcanoes and about 1,500 seismic occurrences (mostly tremors but occasional severe earthquakes) every