The Japanese Economy Essay Research Paper The

The Japanese Economy Essay, Research Paper

The Japanese Economy

The prewar economy of Japan was a Socialist economy and the country was

ruled by an emperor up to WW2 and after WW2 it started to lean towards a mixed

market economy until what it is today although its government is Socialist it is

leaning towards a mixed market economy.

The Japanese economy is a mixed economy that leans towards market, it is

like this because almost all business are run by private corporations or people

and that is the market in the economy. And the reason that they are thriving and

are so competitive is because of the trade tariffs and quotas that the

government has in place. These regulations include heavy taxes on some products

and denial on some others for example: the way Japan will only let certain

foreign cars in to Japan and even then they are so heavily taxed that the

average Japanese person can.t pay that much and will have to buy a Japanese made

car and at the same time in other countries they are selling their cars for less

than anyone else in that country and that is what they do with most of their

products and is how they get a trade surplus year after year.

Manufacturing is the most important economic activity in Japan it

accounts for about 28% of it.s GDP. The Japanese people import more than half

of the products that they manufacture from other countries in their crudest form

and manufacture them into transportation equipment, iron, steel, chemicals,

petroleum and coal products and textiles. Most of these products are produced by

large corporations with many employees and the happier the employees are the

more it will be done.

An aspect of a market economy that Japan has is the way the companies

treat their workers. The way the Japanese treat their workers is so different

form the way we treat our workers here. The Japanese are so much more respectful

towards their employer( the exact opposite from other countries especially those

with a centralized economy) and often work for one employer until retirement.

Some of the special treatment that the workers receive is housing; some of the

companies namely Honda have a special housing unite for their workers and their

families and a company cemetery for all the workers and their families. Because

of this the employees work habits are much more productive and a larger profit

can be turned and they can get a jump on the competition.

In centralized economies very few luxuries are returned to the people

and in market economies most of them are, in Japan there are to kinds of people

farmers and city dwellers, the farmers get no luxuries and live in poor

conditions while the city dwellers on the other hand get just about all the

luxuries like mass transit, hospitals and if you have a job financial security.

The government keeps whatever is necessary and whatever the people will buy and

will export the rest. In the farmlands there is a strong sense of a command

system and in the city there is capitalistic economy. Farming is one of the

larger employers in Japan it employs 9% of the work force but it only accounts

for 3% of the GDP. There are few government owned companies the only ones they

own are some power plants, railways and some airlines as well as the commuting

services and civil services. The government employs about 1 in 10 people in

Japan mostly civil services. There are some strict regulations set forth by the

government to insure that the countries stores are filled with Japanese goods

rather than foreign goods and they include trade restrictions such as tariffs,

bands and quotas.

After reviewing all this evidence the Japanese economy is leaning

heavily towards a market economy but does have some socialist government views

and laws but the market out weighs the command.

Another major part of the Japanese economy is international trade .For years after the end of the second world war, the Japanese suffered from an inferiority complex. This was the result of the American aid to Japan which helped to rebuild their country. Soon the Japanese started producing goods, small stuff at first, like junky toys in the earlier years – but then came better items, much better items. Now it is the Americans

that suffer from the inferiority complex, not familiar with being

economically vulnerable and not entirely in control of their destinies. Who

to blame – the Japanese of course. If Americans can not learn to compete

with the Japanese, then there is going to be some serious trouble because

the economic problem will not just “go” away.

When Japan lost World War II, six million Japanese had to return home

from the colonies Japan lost. These people had to be fed, clothed and

housed. The outlook for Japan’s recovery did not look very hopeful. The

Americans had no intention of helping the Japanese, but the communist

victory in China changed this, be

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