Country Report Information
Japan
Huseyn Tagizade
03.05.2016
Country F(billion) D(km) MM(bln dollars) G
Japan - - 5938 -
Australia 49.68 6860 1532.4 0.3
Korea 38.79 944 1222.8 5.04
United States 70 10162 16244.6 7.37
After II World War,Japan’s position in domestic and world market was considerably bad.Through several agreements and reforms things became to its normal track,however,not so fast.
In this research trade among Japan and other countries.In our investigation gravity model is applied.For a gravity model distance, GDP, and trade information is required .For our further analyses Australia, Korea, United States were choosen for their economic relations with Japan.
The Gravity Model formula is: Fij=G*Mi*Mj/Dij
Where Fij-is the quantity of trade between two countries, G- is gravitational constant, MiMj-GDPs of countries, Dij- is distance between countries i and j. Through using this formula we calculate G and the results are in table above.
As we see from the table as far as GDP the greatest nation is United States.With highest GDP in the table,preferences and several other factors make trade much more than its neighbor Korea. This is a direct result of a few reasons. As we probably aware:
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Moreover,it was only major advanced country that experienced negative economic growth in 2008. Japan’s banks suffered less than banks in US since Japanese held much less debt than their counterparts in US.No major Japanese bank collapsed.
Biggest hit was decrease in external demand. Drop in net exports was %11.8 declined. However, the US faced considerably less decline in demand rather than Japan. After acceleration of financial crisis, the yen appreciated rapidly. Thus, this appreciation was one of the reasons lowered net exports,
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The timing of these failures, the bank’s lack of dealing with them effectively, and the brevity of the Stock Market Crash caused the economy to suffer
In the 19th century china and japan were under pressure when the west opened up foreign trade and relations. The industrial revolution created a wide gap between them and the west and left them behind in technology and the military. They both signed unequal treaties that forced them to open their ports and cities to foreign merchants. Both country's reacted very differently and this will be the topic of this essay.
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Technological Advancement in Japan – The bright side • Japan is known throughout the world for its technology and science. Japan is mainly focused on robotics, consumer electronics and automobile
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The 2008 Recession had an effect on the global and American economy. One of the major causes of the 2008 financial crisis was Credit
"Great depression?" they gasped. Consumer confidence plummeted, as did consumer spending (which accounts for a stunning 2/3 of US GDP). Corporations, in a mass panic, swiftly switched into a mode of panicked layoffs and cost cutting. The banks, already spooked, continued to tighten their lending not just to consumers but to corporations and other banks as well. And ditto for the rest of the world.
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