Do you agree with these statement? 1-In the time after the Lost Decades, Japan underwent dynamic changes
Question:
Do you agree with these statement?
1-In the time after the "Lost Decades," Japan underwent dynamic changes in response to internal and external negative events including international issues with the failure of a financial services firm. This firm is where the international name for the event stems from, It was called the Lehman Shock which affected Japan's export business, the credit market had been heavily reliant on the short-term trading credit from the Lehman brothers and the collapse led to high short term interest rates and a fall in global trading. Japan's exports, GDP, and Unemployment rates all took a turn for the worst which was further compounded by the fact that Japan had not fully recovered from the lost decades. The atmosphere was further worsened by the companies firing laborers en mass. These workers were now homeless as they lived in company dorms. This response is contradictory to the Japanese belief that companies must protect jobs and that people have a right to work (Gordon, pp. 351, The Lehman Shock). From this labor laws were pushed for revision by networks field by activism which made small gains in protecting worker's rights, the governmental parties such as DPJ and LDP had pushed to the regulation of these markets.
Going into the year 2011 a trend of conservative populism led by Hashimoto Toru brought his idea of nationalist populism as a response to the economic difficulties, weak foreign policy, and frozen movement of the Diet. To push things further the nation had begun to see trends where young men could not find career-oriented jobs, which connected this issue to deflation and economic stagnation. Which in turn negatively affected birth and marriage rates, population numbers, and support of aging society. Japan's large amount of debt in 2010 was balanced by domestic savings, so luckily there was collateral for the state spending, and unemployment rates also went down with positive GDP growth (Gordon, pp. 359, Making Sense of the Perception of Decline). Overall, things in Japan we starting to look up and the economy was starting to level out.
In the time after the "Lost Decades," Japan underwent dynamic changes in response to internal and external negative events including international issues with the failure of a financial services firm. This firm is where the international name for the event stems from, It was called the Lehman Shock which affected Japan's export business, the credit market had been heavily reliant on the short-term trading credit from the Lehman brothers and the collapse led to high short term interest rates and a fall in global trading. Japan's exports, GDP, and Unemployment rates all took a turn for the worst which was further compounded by the fact that Japan had not fully recovered from the lost decades. The atmosphere was further worsened by the companies firing laborers en mass. These workers were now homeless as they lived in company dorms. This response is contradictory to the Japanese belief that companies must protect jobs and that people have a right to work (Gordon, pp. 351, The Lehman Shock). From this labor laws were pushed for revision by networks field by activism which made small gains in protecting worker's rights, the governmental parties such as DPJ and LDP had pushed to the regulation of these markets.
Going into the year 2011 a trend of conservative populism led by Hashimoto Toru brought his idea of nationalist populism as a response to the economic difficulties, weak foreign policy, and frozen movement of the Diet. To push things further the nation had begun to see trends where young men could not find career-oriented jobs, which connected this issue to deflation and economic stagnation. Which in turn negatively affected birth and marriage rates, population numbers, and support of aging society. Japan's large amount of debt in 2010 was balanced by domestic savings, so luckily there was collateral for the state spending, and unemployment rates also went down with positive GDP growth (Gordon, pp. 359, Making Sense of the Perception of Decline). Overall, things in Japan we starting to look up and the economy was starting to level out.
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith