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Japan's Economy Presentation
Transcript of Japan's Economy Presentation
Japan's economy previously was 'contracting' Japan, meaning ‘sun-origin’, is located in East Asia in the Pacific Ocean and is an archipelago among 6,852 islands. It is comprised of four islands: Honshu, Hokkaido, Kyushu and Shikoku. Tokyo is the country’s capital and largest city. Japan is governed under a parliamentary democracy and a constitutional monarchy with an emperor.
Japan is recognized as being a major economical country in terms of nominal GDP (gross domestic product), purchasing power, exports and imports. It's currency is in Yen (¥). Total population in Japan is 127.3 million (July 2012)
Japan’s population is declining
And so, Japan might not even exist anymore! :( Population graph of Japan Background information about Japan Will the Japanese be extinct? Unemployment Rate Unemployment rate at 4.6 per cent (April 2012)
Japan’s average unemployment rate is 2.7 percent (1953-2012) Japan's interest rate 1972 to 2012: average 3.3300 per cent
Benchmark interest rate: 0.00 per cent (2000 - 2012)
January 1975: 9 per cent
Bank of Japan in its Monetary Policy Meetings:
Maintain value of the Japanese yen
Reduce levels of unemployment
Strengthen economic growth
Monitor exporting commodities
Monitor overseas economies Export and Imports
the measure of goods or services that domestic providers produce to foreign countries is described as exports
It is a good that is sent to another country for sale
Exports reached 5566 Billion JPY in 2012
Average of 4008.6400 Billion JPY, historically from 1979 until 2012
Exports are a huge factor influencing the economic growth of Japan
Major exports are:
There are five main export partners of Japan Exports Imports Imports were worth 6087 Billion in April 2012
During July 2008, it reached its highest record of 7542.6000 Billion JPY
Lowest of 1450.2000 Billion JPY in August 1986
Raw materials are imported by Japan to create high technology products
Major imports are:
Machinery and equipment
There are five main import partners of Japan Current Account Sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments such as foreign aid.
NFI is usually presented under the headings income payments as outflows and income receipts as inflows.
Balance of trade is the most important part of the current account
Associated with positive net exports
Current Account Surplus: 1,589 Billion Yen in March 2012 Government Budget A legal document that is often passed by the legislature and approved by the chief executive or president.
An itemised accounting of the payments received by the government (taxes) and the payments made by the government (purchases and transfer payments)
A budget deficit occurs when a government spends more money than it takes in.
> Is this opposite of a budget surplus To conclude....with a video! :-) Prime Minister of Japan Dolphin Slaughtering -Each year from September to May over 20,000 dolphins are
-The dolphins are slaughtered at the coast of Taiji
-The butchered dolphins are then later used for food
-Dolphin mean has a high concentration of mercury
which led to mercury poisoning to the population Sumo Wrestling -Sumo is known throughout the world as one of the most unique and exciting full-contact sports in existence
-Sumo includes many elements of ritual including the use of salt for purification
-A Sumo wrestler will be treated and judged equally to his rank as a wrestler
-There is a suspicion of a corruption in the Sumo industry
-This sport is a part of the Shinto religion Tourism -Japan is a very popular country for tourism
-Japan has many sight seeing areas which include
-Tourism is good in Japan because they keep the price to as low as $100 (CAD) a day.
-Japan has their own distinct culture as well as sports and attractions to embrace Thesis: Through the positive and negative elements that Japan's economy goes through, one can see that Japan manages to pull through and succeed
resulting to be the 3rd best economy in the world. In conclusion, by analysis the economic facts of Japan, even through the faults they made their economy is still stable with all of their successes.