Country Evaluation: Japan Essay

842 words - 3 pages

Trade

Japan is one of the world’s leading trading nations, as measured by their exports. Its imports and exports totaled about $525 billion in 1990. Their main exports at the time, in terms of value, were iron and steel, passenger cars and electronic equipment. Petroleum was Japan’s chief import that accounted for 35 per cent of the total value of imports (World Book). Most of the time since the mid-1960s, Japan has had a favorable balance of trade-that is, the value of its exports has exceed the value of its imports. Japan maintained a favorable balance of trade by one, exporting manufactured products throughout the world at competitive prices and second, through restricting imports by means of various trade barriers, such as tariffs and quotas. Japan’s trade policies have contributed to unfavorable trade balances for countries that import large qualities of Japanese goods but face barriers to exporting their own goods to Japan. In an effort to reduce these barriers, a number of Japan’s trading partners began criticizing the country’s trade practices. To maintain good trade relations, Japan begun responding to these request. It reduced its exports of automobiles to the United States. It also relaxed restrictions on imports of U.S. food products, but U.S. officials still criticize the serious trade imbalance that remain in Japans favor. However, over the past five years from current date, Japan has shifted their ideology by seeking free trade agreements (FTA) with a number of countries. In doing so, Japan hopes to revitalize its economy as well as to compete with other major countries, like China for influence in Asia.
Labor Markets
A steady increase of labor productivity, particularly in the manufacturing industries, contributed substantially to the nation’s economic development. Labor productivity was unusually high in the late 1970s, when Japan's wages first became competitive with other industrialized nations. But productivity rose at an annual average rate of only 2.6 percent between 1978 and 1987 (Country studies). At the same time, Japan was able to keep its unemployment rate between 2.8 and 2.2 percent from 1987 to 1992 (Country studies). The way, in which the nation’s employment system and labor management relations were structured, was the source of its coveted performance. In the early 1990s, employment rate stood at 62.4 percent of the total population over the age of 15. Throughout the 70s and 80s, 95 percent of Japanese men ranging between the ages of twenty-five and fifty-four were employed and by the 1990s the retirement aged increased into their 60s. The Japanese employment structure was proving to be just as successful, if not more successful than any other industrialized nation, with a far lower unemployment rate, of only 2.2 percent in 1992. Wages however differed according to industry and type of employment. The highest earning employees worked in finance, real-estate, public service,...

Find Another Essay On Country Evaluation: Japan

Atomic Bomb DBQ Essay - History - Essay

977 words - 4 pages of 1945.  Evaluation of evidence has shown that this particular event was more of a diplomatic and political maneuver to intimidate the Soviet Union, a rising world power consisting of communism, rather than a military strategy of saving millions of valued American lives while sacrificing the virtually anonymous citizens of Japan and to induce unconditional surrender from the Japanese. Henry L. Stimson (Document A), Secretary of War in 1947

Breaking Open Japan, by George Feifer

1429 words - 6 pages him from point-blank range. The mild-mannered lord was far from a military leader, and of a country that had become unfit for combat, despite its reputation for the opposite. Japan had long been open to, even hungry for, new ideas from abroad. Japan’s first western visitors arrived three centuries before Perry. The stories about them is that they were Portuguese merchants bound for Macao on a Chinese junk that put in at an island named

International Pay Systems

1745 words - 7 pages ., 2011). The company has three production plants: Albany, Georgia, Pontiac, Michigan, and Hangzhou, China. Now Riordan is considering an expansion to Japan, and Robert Lord is the expatriate who will be sent to oversee the production plant in Japan. Expats are "people who are citizens of the employer's base country; e.g., a Japanese citizen working for Sony in Toronto," (Milkovich & Newman, 2004, p. 523).Compensation between Expatriate and

Was Bombing Hiroshima and Nagasaki Necessary to End World War 2?

1892 words - 8 pages remorse on stopping. Despite such condemnations, a gallop poll on August 15 showed that 85 percent of the American people approved using the new atomic bomb on Japanese cities (Loebs). Evaluation of Sources One reference that was useful for this investigation is the article titled, Was the Atomic Bombing of Japan Necessary, 2006, by Robert Freeman, a teacher at Los Altos High school in Los Altos, California. His purpose is to show that in

Country Of Origin Effect

5626 words - 23 pages specific and country specific (Thorelli et al., 1989; Wall et al., 1991; Lim et al., 1994). For example, a >made in Japan= label may have a positive image when shown on high quality technical products, and a less positive image when associated to perfume and wine (product category specific). Also, Japanese-made technical products have a more positive image in the USA than in Europe (country specific) (Bilkey and Nes, 1982). The role of the country

COO Impact on Consumers Purchases

1661 words - 7 pages by country of orgin which influenced the consumer evaluation of a product from that country. Although result differed between countries, consumers and product categories, it had been found out that consumers judged product on the bases of it made in label and decided whether the product was better or mediocre according to the perception they had for its country of origin. Study also showed that those products which belong to less developed

What do you consider to be the main features of the Japanese Management System?

2412 words - 10 pages the organisation-orientated Japanese system would have been happily ascribed to 'the unique genius of the respective races'...Nowadays, given the prevalence of theories about the 'structural requisites' of industrialism, one is urged to probe further". (Dore, Ronald 1973)The above quote predicates the theory of late development; namely that Japanese competitive advantage can be traced to the fact that Japan is a country which industrialised at a

The Constitution of Japan

2161 words - 9 pages Japanese newspaper, commented during the 1920's that, "Japan maltreats and insults her women to a graver extent than any other country on the globe." Nevertheless, after World War II, the American people occupied Japan and they took it upon themselves to revise the Meiji Constitution after the destruction of the war. However, when the staff began to revise the document, they ended up drafting an entirely new constitution, which came into effect on

The Effectiveness of Feudalism as an Economic System in Japan

1924 words - 8 pages or not feudalism was mainly a good thing, or mainly a bad thing. It brought with it several good things that helped to greatly advance the economy of Japan and helped to develop it as a country. Yet, it also had several negative side-effects that partly prevented growth in some cases. As a result, it can be concluded that feudalism was both a benefit and a detriment to Japan’s economy. Works Cited Asawaka, K. “Some of the

To what extent do environmental and/or energy concerns pose a threat to Sino-Japanese relations?

3232 words - 13 pages (Dupont, p.14). The potential consequences of China’s drastic pollution levels also raised concern from both Japan and South Korea because they feared that Chinese air pollution would spread and damage their own country (Dupont, p.14). This emphasized the fact that pollution cannot be considered as a solely domestic issue because it automatically spreads to neighboring countries and travels through the world’s two main shared resources: air and water

Human Resource Management practices in japanese subsidiaries in China

1502 words - 6 pages studied in the last section of this essay. Human Resource Management in Japan Human Resource Management is the process by which a company manages people to get a result (Keeley, 2001, 17). HRM practices of a country are strictly linked with his cultural, socio-political and physical environment. Culture is one of the most important aspects to consider when studying HRM practices; the influence of culture is essential throughout all the HR

Similar Essays

To What Extent Was The U.S.'s Involvement In The War Between Japan And China Which Caused Japan To Attack Pearl Harbor

1610 words - 7 pages States doubted that Japan would have enough military strength to attack US territory. • US was left stunned at the fact that Japan initiated their attack on Pearl Harbor • This ended with the United States declaring war on Japan and soon entered a military alliance with China. (Office of the historian) (7) C: Evaluation of Sources 1. Malcom, Darien S. "Firstworldwar.com." First World War.com. http://www.firstworldwar.com/source/21demands.htm

How Did The Manchurian Crisis And Its Results Affect Militarism In Japan?

845 words - 4 pages was owned by the Japanese. After this incident Japan started to began to lean into militarism. This event was a huge turning point for the country of japan as a whole. To what extent did the Manchurian Crisis affect militarism in Japan. This will be investigated through the analysis of the The Manchurian Crisis and Japanese Society, 1931-33 by Sandra Wilson, Conspiracy at Mukden: The Rise of the Japanese Military By Takehiko Yoshihashi , and South

The Meiji Restoration Of Japan Essay

2028 words - 8 pages Between 1968 and 1912, Japan was going through a reformation called Meiji Restoration in order make the country strong as western countries. It had caused changes in many parts of Japan such as society, government, military, etc. Some of these changes still can be seen in the Japanese society today such as emperors are honored by Japanese citizens and seen as a special figure. Since this reformation had a great impact on development of Japan, it

Country Risk And Strategic Planning Analysis Paper: Target

2136 words - 9 pages Target be better and faster with their cyber/technology ability.Physical environmentLike any other country, Japan is not safe from the physical environment. Japan has four seasons, including typhoon season that lasts from August to October. When typhoons hit the country, the cause extremely high winds, mudslides and death. In regards to Target, possible risks could be damage to stores, distribution centers, product and the lives of its team