The economics of Japan is the 3rd largest in the world by
nominal GDP and 2nd largest in developing countries. Japan's economical growth
is base off two economic tendencies. 1st the government planning and with the guidance
of a free market, powerful monetary, and fiscal policy. A five-year plan was
adopted by Japan in 1988 in maintain a annual GNP growth at 3.8% per year,
maintain low unemployment, contain inflation, and improve work condition, and
working hours. Japan helps many developing countries financially and international agencies have increase in recent years. In essence, Japan is helping
to create viable trading partners; and since Japan is a trading state, this
strategy will enhance Japan's economic development over the long term.
No comments:
Post a Comment