kawaii_x asked:
The year 1868, Meiji period launched an economic expansion. Meiji rulers take advantaged the concept of a free market economy and imported British and North American forms of free enterprise capitalism. Japanese went to study overseas and Western scholars were hired to teach in Japan. Many of today’s establishment were founded at that time. Japan became the most developed nation in Asia.
From the year 1960s to 1980s, the overall real economic growth has been called a Japanese miracle: a 10% average in the 1960s, a 5% average in the 1970s and a 4% in the 1980s. The economy growth slowed down in 1990s because of the after-effects of Japanese asset price bubble and domestic policies. In 2000, the government has failed to revive economic growth and were further flattened out by the global slowdown. But, the economy then showed strong signs of recovery after 2005. GDP growth for that year was 2.8% with calculated fourth quarter expansion of 5.5%, surpassing the growth rates of the US and European Union during the sam period. Japan is the second largest economy in the world after the United States, at around US$4.5 trillion in terms of nominal GDP and third after the United States and China in terms of purchasing power parity. Banking, insurance, real estate, retailing, transportation, telecommunications and construction are all major industries. Japan has a large industrial capacity and is home to some of the largest, leading and most technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles and processed foods. Japan has a low unemployment rate, around 4%. Japan’s GDP per hour worked is the world’s 19th highest as of 2007. Big Mac Index shows that Japanese workers get the highest salary per hour in the world. Some of the largest enterprises in Japan include Toyota Motor, NTT DoCoMo, Canon, Honda, Takeda Pharmaceutical, Sony, Nintendo, Nippon Steel, Tepco, Mitsubishi Estate, and 711. Japan ranks 12th of 178 countries in the Ease of Doing Business Index 2008 and it has one of the smallest governments in the developed world. Agricultural businesses in Japan often utilize a system of terrace farming and crop yields are high. 13% of Japan’s land is cultivated. Japan accounts for nearly 15% of the global fish catch, second only to China. Japan’s agricultural sector is protected at high cost.
The year 1868, Meiji period launched an economic expansion. Meiji rulers take advantaged the concept of a free market economy and imported British and North American forms of free enterprise capitalism. Japanese went to study overseas and Western scholars were hired to teach in Japan. Many of today’s establishment were founded at that time. Japan became the most developed nation in Asia.
From the year 1960s to 1980s, the overall real economic growth has been called a Japanese miracle: a 10% average in the 1960s, a 5% average in the 1970s and a 4% in the 1980s. The economy growth slowed down in 1990s because of the after-effects of Japanese asset price bubble and domestic policies. In 2000, the government has failed to revive economic growth and were further flattened out by the global slowdown. But, the economy then showed strong signs of recovery after 2005. GDP growth for that year was 2.8% with calculated fourth quarter expansion of 5.5%, surpassing the growth rates of the US and European Union during the sam period. Japan is the second largest economy in the world after the United States, at around US$4.5 trillion in terms of nominal GDP and third after the United States and China in terms of purchasing power parity. Banking, insurance, real estate, retailing, transportation, telecommunications and construction are all major industries. Japan has a large industrial capacity and is home to some of the largest, leading and most technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles and processed foods. Japan has a low unemployment rate, around 4%. Japan’s GDP per hour worked is the world’s 19th highest as of 2007. Big Mac Index shows that Japanese workers get the highest salary per hour in the world. Some of the largest enterprises in Japan include Toyota Motor, NTT DoCoMo, Canon, Honda, Takeda Pharmaceutical, Sony, Nintendo, Nippon Steel, Tepco, Mitsubishi Estate, and 711. Japan ranks 12th of 178 countries in the Ease of Doing Business Index 2008 and it has one of the smallest governments in the developed world. Agricultural businesses in Japan often utilize a system of terrace farming and crop yields are high. 13% of Japan’s land is cultivated. Japan accounts for nearly 15% of the global fish catch, second only to China. Japan’s agricultural sector is protected at high cost.
thank you sooo much in advance!! Any help is greatly appreciated,., thanks again. ^_____^ have a nice day,. tc always.