Running head: JAPAN COUNTRY ANALYSIS 1
JAPAN COUNTRY ANALYSIS 3
Japan Country Analysis
Hieu Le
Columbia Southern University
Japan Country Analysis
Free market theories suggest that the exchange rate of a national currency reflects on the judgements of institutional investors, economists, and other financial experts. These points of views reflect the exchange rate movement based on the country?s fiscal and monetary policy. In the case of the Japanese yen, a core currency of the country, which represents the strength of its economy based on the trade policy and other economic
…show more content…
Although the Japanese central bank performs an unpleasant float regime, the yen certainly strengthens its value when there are serious financial events that could endanger the financial world. Likewise, the Japanese government applies several questionable rulings that tends to be damper to foreign investors particular for Cola-Cola?s business and its long term investment in this region.
References
Central Intelligence Agency (2016). Japan. Retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/ja.html.
Moffett, M., H., Stonehill, A., & Eiteman, D., (2015). Fundamental of Multinational Finance.
(5th ed.). Hoboken, NJ: Pearson Education. Majoul, A., & Daboussi, O. M., (2016). Nonlinear effects of the financial crisis on economic growth in Asian countries: Empirical evaluation with a PSTR model. Asian Economic and Financial Review, 6(8), 445-456. Retrieved from Business Source Complete Database.
Siddiqui, K. (2015). Political economy of Japan's decades long economic stagnation. Equilibrium, 10(4), 9-39. Retrieved from Business Source Complete Database.
Vambery, R. G. (2014). The rise of the Renminbi from convertible toward reserve currency status as a result of the China-US trade relationship. Journal of Global Business and Technology, 10(2), 43-59. Retrieved from Business Source Complete
Jeffrey Kingston. Japan in Transformation, 1952 – 2000. Harlow: Pearson Education Limited, 2001. 230 pp.
Coates, B., Horton, D., & McNamee, L. (2014, January 1). CHINA: PROSPECTS FOR EXPORT-DRIVEN GROWTH. Economic Roundup Issue 4. Department of the Treasury (Australia).
Despite the fact that recent reports have shown that the Chinese currency is currently facing descending pressures, it is, however, likely to improve in the future because of the enhanced terms of trade, current account surplus that is growing, and high net saving. Another reason that will make the Chinese RMB to do well in the future it is because the currency has solid fundamentals and the economy of the country is significantly increasing at a higher rate than the GDP rates. Due to the growing Chinese economy to being the second largest economy, the Chinese currency yuan has been acknowledged by the International Monetary Fund (IMF) as a major global
Imperialism has not only influenced colonial territories to better themselves or to further the mother country’s realm of power, it also had a significant impact on the people’s culture, education, environment, and political systems. Japan and Britain were two imperial systems that countered each other in many facets but also had strikingly similar qualities that had helped them become strong imperial powers that needed one another to continue their position amongst others.
The massive increase in the Chinese trading relations was fueled by the United States in the year 1979 through the normal trade relations between the two countries. In addition, the Chinese non-concession to the World Trade Organization (WTO) in the year 2001 also facilitated its trading activities with different countries including the United States (Kaplan, 57). However, trading relations with the Chinese have been uneasy resulting from the massive trade imbalances in the recent past, which grows exponentially. The protectionist policies of the United States especially in Washington and Beijing have been putting pressure on the Chinese to revalue their currency as well as protecting it from counterfeits, which may be of adverse effects to the trading relations. This paper gives a comprehensive discussion on the foreign trade relations with china. It further gives an elaborate discussion on the impacts of foreign tr...
Therefore, this part tries to cover those issues and seeks to answer how people affected rapid growth of post-war Japan.
The 21st Century has witnessed Asia’s rapid ascent to economic prosperity. As economic gravity shifts from the Western world to the Asian region, the “tyranny of distance [between states, will be] … replaced by the prospects of proximity” in transnational economic, scientific, political, technological, and social develop relationships (Australian Government, 1). Japan and China are the region’s key business exchange partners. Therefore these countries are under obligation to steer the region through the Asian Century by committing to these relationships and as a result create business networks, boost economic performance, and consequently necessitate the adjustment of business processes and resources in order to accommodate each country’s employment relations model (Wiley, Wilkinson, & Young, 2005). Cognizant of the fact that neither Japan nor China has given up on its external (protectionism or parity) adjustment tools, it is posited that they can nonetheless coexist since both “produce different things and in different ways” and as such avoid the cited perilous US and Mexico competition; but due to globalization, the operating environment portends a convergence or divergence of Industrial Relation (ER) strategies between China and Japan (Lipietz, 1997; Zhu & Warner, 2004).
The Japanese Economy & nbsp;& nbsp;& nbsp;& nbsp;& nbsp; The prewar economy of Japan was a Socialist economy and the country was ruled by an emperor up to WW2 and after WW2 it started to lean towards a mixed market economy until what it is today, although its government is Socialist it is leaning towards a mixed market economy. & nbsp; The Japanese economy is a mixed economy that leans towards market, it is like this because almost all businesses are run by private corporations or people. and that is the market of the economy. And the reason that they are thriving and are so competitive is because of the trade tariffs and quotas that the government has in place. These regulations include heavy taxes on some products.
From the Meiji Restoration era, democratization efforts were undertaken to modernize Japan. A bicameral system of legislature as well as local, though unelected assemblies were created in the image of the Prussian model (Haddad, 2012, p. 50) and a Constitution placing absolute power with the monarch was formed. Although the main intention of the oligarchs behind the Constitution was to have the national Diet as an advisory body, they "created a series of 'transcendental cabinets' which answered to the Emperor" (Haddad, 2012, p. 50),
The recent development of the Internet has created a technological and commercial revolution throughout the world. By essentially shortening the distance between companies and consumers, the Internet has created a competitive global market unlike any other. Many countries are fighting hard to become major players in this potentially lucrative venue. Over the past five years, Western nations have had a considerable advantage in this race, since the concept of the Internet originated from the Western Hemisphere. Yet many Asian countries have a huge market potential for on-line
The stability of currency values plays a significant role for economic and financial stability. It is not difficult to see the exchange rate fluctuations are widely regarded as damaging. As the movements of the exchange rate have significant and large effects on the trade balance, resource allocation, domestic prices, interest rate, national income and other key economic variables. Then can exchange rate movements be predicted by these fundamental economic variables?
Japan has very significant characteristics in terms of their economic power either in the Asia- Pacific region or around the world. After World War II the Japanese economy was deeply affected by shortages, inflation, and currency devaluation means that Japanese economy was bankrupt position. Therefore, Japan passed under the control of US in the post- Second World War period. From this point, economic transformation or recovery or development has started in Japan with the impacts of US and Japanese governments. Besides this economic aid, US also guided Japan in democratization and demilitarization whereas Japanese government had direct role dealing with those developments different from what happened in Germany at that time. What it means that is Japanese government had played interventionist role into economy. On the other hand, one of the significant reasons of why US needed to help former enemy is the fact that after the WWII was the beginning of the Cold War and Russian presence was in the region. That’s why US made their contribution in order to revive Japan.
Japan is a large island off to the east of China it is a great country that has a rich culture. The Japanese religion is based off of two main beliefs, the belief in Shinto and Buddhism many Japanese people believe consider themselves both. The Japanese people were known to be around as early as 4,500 B.C. They have constructed their government style to a constitutional monarchy where they do in fact have an emperor, but he has limited power within the country. The main power of the country is held by the Prime Minister of Japan. Japan is made up of many islands that extend along the Pacific coast of Asia. The land area is made up of a lot of forest and mountainous area that cannot be used for agricultural, industrial or residential use. Japan also has one of the largest and growing economies in the world. They are growing every day and it is all because the people of Japan work very hard in order for their economy to flourish as it has.
Japan’s rising yen and the decline of the US dollar, East Asia Forum, 2011. Available at:
Different countries have different cultures, values, and ideologies. In every society, manners and etiquette are essential. These beliefs have been derived and practiced from the old generation to the modern generation. Manners also shape societies and rule people. In some countries, Thailand and Japan, have a significant numbers of foreigners for varied purposes such as travelling, working, and studying. However, living in the different circumstances is not simple. People may experience some troubles, which can make them confused and embarrassed. Learning to adapt ourselves by learning through their behaviors may encourage people to understand them better. This essay will compare the difference of manners and etiquettes between Thailand and Japan in three significant points.