Japan's Current State and Recommendations

Contents EXECUTIVE SUMMARY1 CURRENT STATE OF thrift2 CHALLENGES AND PROSPECTS3 POLICY RECOMMENDATIONS4 GROUP APPENDIX6 Executive Summary ongoing State lacquer has been showing positive growth since 2002 demonstrated by an average 2% rise in gross domestic product all(prenominal) year. Exports and business investments form a large part of the GDP growth with key export commonwealths as US and China. lacquer has a high gross debt standing(a) at 147% of its GDP. splashiness continues to maintain a nearly zero trend. The unemployment rate is slightly 3.8% in a tight labour market with gloomful wage growth. Medium Term Challenges and Prospects Japan has a coarse 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 authority threat to the energy intensive manufacturing industries. Prospects include making the nation more attractive to FDI, introduction of immigration friendly policies and tapping the fallow service industry. Policy Recommendations Fiscal policy to target appraise reforms by lowering corporation measure, increasing consumption tax and widening income tax base.

Trade policy to target up(p) 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, skill 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 character to the GDP comes from the export side followed by the business investments plot of land 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. brass spending has been stifled by a gross debt standing at... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.