Japan's Current State and Recommendations

Contents EXECUTIVE SUMMARY1 CURRENT STATE OF scrimping2 CHALLENGES AND PROSPECTS3 POLICY RECOMMENDATIONS4 GROUP APPENDIX6 Executive Summary rate of flow State japan has been showing positive growth since 2002 demonstrated by an average 2% rise in gross domestic product either year. Exports and business investments form a large part of the GDP growth with key export farmings as US and China. japan has a high gross debt stand at 147% of its GDP. ostentation continues to maintain a nearly zero trend. The unemployment rate is close to 3.8% in a tight labour market with dim wage growth. Medium Term Challenges and Prospects Japan has a commodious debt, a large aging population and an increasing wealth gap. A heavy reliance on export to US for growth and threat of China as a manufacturing competitor. A fluctuation in energy prices globally is a capability threat to the energy intensive manufacturing industries. Prospects include making the nation more attractive to FDI, introduction of immigration friendly policies and tapping the untapped service industry. Policy Recommendations Fiscal policy to target task reforms by lowering corporation tax revenue, increasing consumption tax and widening income tax base.

Trade policy to target improving relations to promote export to South-East Asia and Europe. Privatisation and Deregulation in the industry to improve competition and labour reforms to increase flexibility, efficacy and skill in market. Current State of Economy Japan is currently witnessing a period of upward growth with a 2.1% rise in GDP in 2007. The main persona to the GDP comes from the export side followed by the business investments dapple the government consumption and consumer spending are low. Exports and business investments showed a robust growth trend which is likely to continue. Investment in particular has been favoured by the nearly zero interest rate. presidential term spending has been stifled by a gross debt standing at... If you want to get a full essay, order it on our website: Orderessay

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