United States vs. Japan Economic State
The United States of America is one of the world leading economic powers in the world. The question is, how does the Unites States compare to other nation powers.Australia ,Cananda , China and Britain are just a few of the nation powers that can compare to the United states. This report will focus more one of the main rivials to the United States and that is Japan. Here is just a sample of Japans Numbers for 2004 compared to the United States. Unite States GDP growth is 4.30% ,unemployment is 5.60% and Inflation Rate is 1.90%. In Japan the GDP growth is 4.50% , unemployment is 4.60% and Inflation Rate is -.04%. . I think this is an important perspective because we really do live in a global
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The U.S. has reached the even level of inflation—not too hot and not too cold. The Japanese have endured a decade of near zero inflation ,and as of 2004, a outright deflation. However, the Japanese economy shows signs of climbing out of its funk based on it strong GDP showing. Lets look at the Japan and United States Economics numbers for 2004.
Currency: Japan uses the Yen, as The United States Uses the dollar. Exchange Rate 12/31/04 US=$1 and Yen = 110.5. Gross Domestic Product (GDP, at market exchange rate) $4.8 trillion for Japan and for the United States it is $11.50 trillion for 2004. Inflation Rate (consumer prices) Japan actually as a deflation of -0.4% as the United States as a inflation rate of 1.90%. Current Account Balance (2004F): $174.1 billion for Japan and the United States is 187.9 billion .Major Trading Partners for both countries.: Germany, Asian NIEs, China, OPEC Merchandise Exports (2004F): $522.4 billion for Japan and $630.57 billion for the United States. Merchandise Imports (2004F): $395.9 billion for Japan and 647 billion for United States. Merchandise Trade Surplus (2004F): $126.5 billion for Japan and for the United States it is $167 billion. Major Export Products for Both Countries: Machinery and transport equipment; chemical and other manufactured goods Major Import Products both countries: Chemical and other manufactured goods; machinery and transport equipment; mineral
During the early nineteenth century, both China and Japan enforced policies restricting foreign trade in order to avoid industrialization and western ideas, but after both societies experienced foreign invasions and unequal treaties being established by foreigners, Japan began to industrialize and became imperialists trying to create an empire, while China differed in that the people wanted reform and government restrained the reformation of their society, therefore causing multiple rebellions and overall the collapse of their empire.
The Economic Effect on Japan during Post World War II Japan’s economy was greatly affected by the atomic bombs dropped on both Hiroshima and Nagasaki. Japan’s economic recovery as a result of this incident transformed Japan’s economic growth which has become known as the “Economic Miracle.” The bombs caused Japan to reconstruct many more facilities in which the economy moved forward. The Economic Planning Agency, which used to be known as the Economic Stabilization Board, helped Japan to become one of the leading economic nations. The United States also contributed to much of Japan’s recovery by occuping it from 1945-1951.
Japans history dates back almost 53,000 years and is filled with interesting and fascinating events. Most of Japans actions have left the major world powers in the world stunned. The base of this amazing country is astonishing just by itself. The base is a bunch of active and large under water volcanoes. Japans uniqueness from the rest of the world ranges from its culture to its very interesting history to the change in government every few hundred years and their trading dilemma with petroleum and their assortment of fish that they export. Japan as a country is so very appealing and kind compared to the rest of the world its no wonder that it’s geographically separate from the rest of the world.
World War II is considered by many to be the single most significant event of the 20’th century. The outcome of that war defines the modern world. World War II led to the tragic death of a huge population of people across the globe. What led to the loss of so many lives? What led the nations of the world to tread down the path of war? This analysis tries to answer those questions in terms of autonomy and responsibility, and focuses on Japan. Japan was a major player in the war. As an aggressor of the war Japan had entered into military action before the European war had started and was not defeated by the Allied powers until VE Day. Several factors came together to Create war
The largest Japanese import, undisputedly, is video games. Nintendo, Sega, and the Sony Playstation have made the biggest impact on this nation. Just about every game you pick up in from Japan. Sonic the Hedgehog, Super Mario, even Pac-man. Video games have come farther than anyone could have imagined. With new crazes like Dance Dance Revolution, a game in which you literately dance on a pad to popular J-pop songs, and new technology Americans will keep buying Japanese games.
Japan’s unemployment rate of about 4% opposed to the U.S. unemployment rate of close to 10%. Even the financial debt to GDP ration is an advantage, and debt in the private sector has not increased unlike the U.S. and European countries, (Time, 2009). In addition, since Japan is a huge exporter and with the U.S. demand going downward, the international balances and growth declined especially as the dollar value dropped and the yen surged. •
Prior to World War Two Japan had been going through an economic crisis and was having issues with its government. The Japanese society was very militaristic and prideful making it a key power in world affairs. Their people have a strong and deep seated loyalty to their country.
Western Influence on Japan Japan, as a nation, is a continually changing society. Ever since western nations became involved with Japan, its changes over recent times have increased at a substantial rate. Japan now faces cultural, economical and social differences as a result of the western involvement. The involvement was initiated by the Japanese themselves, beginning during the Meiji Period1 through current times.
Throughout the course of East Asian history, Japan has been largely influenced by the Asian mainland. From ancient times to the medieval period, significant contributions to Japan can be seen coming from both Korea and China. Both of these countries diffused elements of their cultures to form the basis of Japanese society – namely China. These foreigners would influence various aspects of society including technology, philosophy, politics, and religion.
The educational system differs throughout the world; its viewed and taught differently because of cultural differences. Many cultures view education as a necessity of life therefore family are strict and get more involved in there child’s education. Around the world, education is given to students to prepare them for their future. The American education is considered one of the strongest systems of education therefore many countries the American system. The American education system contains many differences and similarities to the foreign system of education; however, students in the American system are not as successful as those in foreign countries like Japan.
Throughout the dynasties in China and Japan, religion, economy and politics have been affected by each other in various ways. In the book “Religion and Making of Modern East Asia”, Thomas Dubois brings to light the impact religion made on both politics and economy in China and Japan throughout the historical period up till date. In his words, he describes “religion as an extremely political force” (Dubois, 2011, pp. 7-16). As various religions were introduced, it shaped the politics of leaders as most of them saw it as an avenue to impose their religion on the citizens. In all, religion invented political and economic stabilities and instabilities in various dynasties throughout Japan and China
The culture of a place is an integral part of its society whether that place is a remote Indian village in Brazil or a highly industrialized city in Western Europe. The culture of Japan fascinates people in the United States because, at first glance, it seems so different. Everything that characterizes the United States--newness, racial heterogeneity, vast territory, informality, and an ethic of individualism-- is absent in Japan. There, one finds an ancient and homogeneous society, an ethic that emphasizes the importance of groups, and a tradition of formal behavior governing every aspect of daily living, from drinking tea to saying hello. On the surface at least, U.S. and Japanese
The Japanese economy, the 2nd largest in the world, accounts for 7.1% Global World GDP, at US$4.6 triliion and a per capita income of approximately US$33,550 (World Bank 2006). As a result of globalisation, literacy levels are at 99% and the general living standards of the
2. The last half-century, the economy history of Japan so far to date since the World War II.
Japan is the third largest economy by nominal GDP, $4.6 trillion, and fourth largest economy by purchasing power parity. In addition,