Final Exam Essay

1299 words - 6 pages

We now look to Japan to see how time has favored the tiny island nation in the year of 2024. Though ten years is a long time and many unforeseen factors can affect my projection, I will try to predict what Japan will look like. So now in the year 2024, things are looking up for land of the rising sun. Though the Olympics are expected to help Japan, aiming to win 70 to 80 medals in 2020,
based on information from 2013/2014, Japan's future looks bright for 2024. Though population is 126 million people,by 2020 the population is expected to only drop to 123 million. Regardless of the drop in population, with advancements in many fields in Japan, it is slowly starting a climb back up to its rightful place as a powerful and strong nation.
Passed on Dec 12, 2013 the Japanese Cabinet has passed to put ¥5.5 trillion (US$53 billion) in fresh stimulus aimed at creating at least 250,000 jobs which focuses heavily on construction projects. This package, which also will provide help to home-owners and parents, to help counteract the sales tax raise to 8% in the last spring. Holding the third largest economy, Japan expects an increase in spending as consumers make major purchases to avoid the sales tax hike. But if the program succeeds, like experts expect, it will allow for the government to recover the over spending done this year. Another increase in the sales tax — by 2 points — is expected in 2015 but with an increase revamping on public
works and grants for lending to small enterprises, is meant to put another ¥18.6 trillion into the economy. Though the Cabinet is trying to scale back government spending so this issue does not arise again. With this plan the value of yen will continue to weaken, corporate profits will rise, and inflation can continue to revive. Japanese representatives of labor and management will sit down to negotiate pay packages for the year, and are expected to give Japanese workers a raise. New jobs and an increase in wages will hopefully persuade the Japanese consumers to buy more. So by 2024, balance is expected to be found. Sales tax back down to normal or lower with wages still on the rise. With continuous work, investments, and project such as the one listed above, Japan will be profitable and in no one's debt. Having the third largest economy, Japan knows how and what to do to keep things in the clear while avoiding the red.
Japanese military is currently in the process of strengthening their economy as a way to combat a recent national security threat from their neighbor, China. Prime Minster, Shinzo Abe pushes to boost the nation's defenses thus increasing its role on the international playing field. As we have seen in the past Japan's military can be a great threat not only to other Asian nations but to other great nations such as the United States. Japan also aims to build up its allies hoping that expanding their allies will create a broader network in case of an attack. Though most of Japan's threats are...

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