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Essay / Research Paper Abstract
This 6 page paper looks at Japan's economy today as well as prior to World War II. The focus is on the development of the nation's economy after WWII. The paper concludes that the Japanese government made excellent policy decisions, which are responsible for Japan's surprising success. Bibliography lists 5 sources.
Page Count:
6 pages (~225 words per page)
File: RT13_SA148Jap.rtf
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Unformatted sample text from the term paper:
as well as prior to World War II. The focus is on the development of the nations economy after WWII. The paper concludes that the Japanese government made excellent policy
decisions, which are responsible for Japans surprising success. Bibliography lists 5 sources. SA148Jap.rtf The legacy of World War II for Japan seems to have
been good, at least economically. It has however taken a psychological toll. Kunihiko Saito, Japans vice- minister of foreign affairs, says:`"Dealing with the legacy of the war is something that
the Japanese people have still not been able to reconcile" (Wilson-Smith, 1995, p. 28). And while people around the world listen to their music and watch television through Sony, Mitsubishi
and Panasonic products for example, Japans present economy is not so good. According to Judis, Japan, which is the worlds second-largest economy,
has been important to the recovery of Asias economic crisis (Judis, 1998). From 1989 to 1997, when the regions banks began to weaken, Japan was the largest source of loans
to Asias newly industrializing countries and, along with the U.S., was their most important export market (1998). By the mid-eighties the Reagan administration was under pressure to stem the loss
of American manufacturing jobs from Japanese imports and in 1985, Secretary of the Treasury James Baker made an agreement which effectively reduced the dollars value against the yen (1998). This
was done in order to make American exports more competitive (1998). This continues to affect the economy today. It was reported that at the end of 1998 Japan was
calling loans; this also hurt the economies that it once helped sustain (Judis, 1998). The decrease in the yens value put Japanese goods at an advantage over the goods
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