Japanese Economy Essay Example | Topics and Well Written Essays - 2750 words

lacquerese Economy - Essay ExampleAn important indicator of that achievement is that lacquer continues to be the only non-western nation to bugger off had the ambition of ruling the world and the only non-western country to prepare implemented a policy of attempting to subjugate the whole world in modern history.Japanese prudence has been described as a success in 1980s but the decade of the 1990s was a lost decade. However, data indicate that situation may have to be more accurately described. For instance, in paradigm 1, we see that if gross domestic product or gross domestic product per capita figures are not adjusted for inflation, it would appear that Japanese saving appears to be alright until the mid-1990s. However, beginning in the mid-1990s, the Japanese economy appeared to have plunged downward and started to recover sometime at the beginning of the 21st century, if not for the Fukushima nuclear and tsunami disasters of 2011. intention 1 is a graph from the website of the Intellectual Takeout while Figure 2 is my own reconstruction of Japans GDP in $ at current prices based on data set of the internationalist Monetary Fund. At least for Japan, the appreciation that can be obtained based on the GDP per capita in $ is that the key insight that can be developed from Figure 1 is correct Japanese economy was on a steady rise from 1980 to around 1995 but nose-dived before slowly recovering upward.Figure 3 compare the GDP per capita in current US$ of select countries and compare them with Japan. It is worth noting that Figure 3 suggests that in terms of GDP per capita, the overall context is that Japan still belongs to the bigger compact of strong nations although Japan has been weaker in the last several years. In contrast, China may be a big economy (and some report the economy as the second biggest economy) but in GDP per capita dollar terms, the citizens of Japan appear to be in a better situation than China.Meanwhile, the key insight that can be derived from Figure 4 is that globally, the