Wednesday, December 19, 2012

The Japanese Economy 2012

Im writing in this blog the summery of the japnese economy in recent years, not to mention the after WW2 because what happened after that had the world surprised and admired to what happened to the country who once bomarded to the ground by the Atomic Bomb, Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis and it is considered to have one of the largest fishing fleets and accounts for nearly 15% of the global catch. For three decades, overall real economic growth had been noticed a 10% average in the 1960s followed by approxematly  5% average in the 1970s, and a 4% average in the 1980s. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2011 due to the challenges faced by the japanes economy and not to mention the political unrest between nations I mean japan most important economic partner, exports in late 2008 pushed Japan further into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9. 0 magnitude earthquake in March disrupted manufacturing and export was effected due to the strong yen which demmonished the export trend not to mention the bad influence of the results of the nuclear meltown in Fokishima. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. mentioned below some of the economic data out of japan in 2011

GDP $4.389 trillion
GDP - real growth rate -0.5%
GDP - composition by sector
          agriculture: 1.2%
          industry: 27.3%
          services: 71.6% (2011 est.)

Inflation rate 0.4%
Exports $800.8 billion

I beleive a country like japan has the capability of recovering given the right sercumstances.
 

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