Japan's Plan to Rise Again
- By Himfr Echo
- Published 01/22/2012
- Business
- Unrated
Himfr Echo
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To avoid the second recession in the Japanese economy, Japanese House of Representatives on November 16 by a 5.1 trillion yen (62 billion U.S. dollars) in new economic stimulus bill. While this motion subject to approval by the Senate vote, but in fact it has entered into force "countdown." Because the laws of Japan House of Representatives the power to veto the Senate resolution, so no matter whether the motion is followed by the Senate to see the "eyesore", it will automatically take effect in 30 days. This means that Naoto Kan of the second round of the Cabinet introduced the economic stimulus plan has debut.
On the surface, this is Naoto Kan in order to prevent the economic downturn the government introduced a policy of emergency, but the plan is essentially a re-emergence of Japan's "New Economic Growth Strategy" part.
Two days ago, Japan has just released the third quarter of exciting data, 7 to Sept. chain of Japanese GDP growth of 0.9%, 3.9% annual rate, far higher than expected. However, the growth rate of Xihu only people catching the "car cigarette last train" to give the "one off growth" is not a normal economic operation. With cigarette prices, car discount expires, the Japanese Minister of Economy and Finance of concerns, a series out of doing good to stimulate consumption in the fourth quarter GDP data will be difficult to see.
Japan's economy is currently suffering from the pain of yen appreciation and deflation. Since the bubble burst, the Japanese economy has been struggling in the abyss of depression, not only lost 20 years of the next century, but by the end of may need to wear more than 40 years of "the world second" title for China. This year in May, the Swiss business school published in 58 countries and territories worldwide overall competitiveness rankings, Japan's ranking of 17th from the previous year dropped to 27.
In fact, the Japanese government has not relax efforts to revitalize the economy. Since the 1997 Asian financial crisis, the rush to "from Asia for Europe," the Japanese suddenly discovered the value of Asia, presented through the "return to Asia" to revive the Japanese economy; current economic crisis, Japan stepped up the "Asian mining" efforts in 2009 formulated the "New Economic Growth Strategy", a change before
the Asian export market as the "Asian view", and actively develop domestic market in Asia, seeking to use the Japanese technology and capital to Asia, manpower, resources and fight the market pull the Japanese economy "engine" to achieve Japan's economy rise again.
In fact, Japan has been in smooth progress of the plan. After the economic crisis, Japan relies on successful economic recovery in Asia, as economies in transition to seize the favorable terrain and development. With the investment of Japanese products and the shift to Asian markets, Japan's economy has gradually upgraded the re-emergence of Asia as the penetration of industry and the division of labor and control. Look at Asia today, both in the regional economic partnership agreements FTA negotiations, financial and monetary system, or built in the region, even in the specific area of industry standards, rules and other micro-level financial transactions, can see the Japanese busy. To achieve the "Asian domestic demand in Japan of the" target, this year in March in Japan proposed a further one billion people building the dream of a big market, breath thrown 200 billion U.S. dollars of the 650 large projects ready to build Japan's economy Asia's runway to take off again .
Disturb the recent appreciation of the yen, but Japan's business in Asia stride, to the export-oriented cast a shadow over Japan's economic outlook. Appreciation of the yen affects the competitiveness of Japanese exporters, the Japanese government on September 15 engaging in "currency unilateralism", to 2.1249 trillion yen foreign exchange market to sell, but the record did not interfere with efforts to block the stronger yen footsteps. Nov. 15 release of the data showed that external demand contribution to overall economic growth in Japan is still zero.
Program in the Asia market situation not been available in Japan only on their own to solve the dilemma faced by the domestic economy, the Japanese parliament passed the time a new economic stimulus plan that is hoped to increase employment, strengthen infrastructure construction and other means stop the economic downturn, at the same time, the Japanese central bank also expanded to follow the Fed stands ready to buy government debt. But given the trend of yen appreciation, the current Japanese economy is difficult to give people optimism. It seems only the first in Japan to stabilize the domestic economy is it possible to attend to "business in Asia," the big plan.
On the surface, this is Naoto Kan in order to prevent the economic downturn the government introduced a policy of emergency, but the plan is essentially a re-emergence of Japan's "New Economic Growth Strategy" part.
Two days ago, Japan has just released the third quarter of exciting data, 7 to Sept. chain of Japanese GDP growth of 0.9%, 3.9% annual rate, far higher than expected. However, the growth rate of Xihu only people catching the "car cigarette last train" to give the "one off growth" is not a normal economic operation. With cigarette prices, car discount expires, the Japanese Minister of Economy and Finance of concerns, a series out of doing good to stimulate consumption in the fourth quarter GDP data will be difficult to see.
Japan's economy is currently suffering from the pain of yen appreciation and deflation. Since the bubble burst, the Japanese economy has been struggling in the abyss of depression, not only lost 20 years of the next century, but by the end of may need to wear more than 40 years of "the world second" title for China. This year in May, the Swiss business school published in 58 countries and territories worldwide overall competitiveness rankings, Japan's ranking of 17th from the previous year dropped to 27.
In fact, the Japanese government has not relax efforts to revitalize the economy. Since the 1997 Asian financial crisis, the rush to "from Asia for Europe," the Japanese suddenly discovered the value of Asia, presented through the "return to Asia" to revive the Japanese economy; current economic crisis, Japan stepped up the "Asian mining" efforts in 2009 formulated the "New Economic Growth Strategy", a change before
In fact, Japan has been in smooth progress of the plan. After the economic crisis, Japan relies on successful economic recovery in Asia, as economies in transition to seize the favorable terrain and development. With the investment of Japanese products and the shift to Asian markets, Japan's economy has gradually upgraded the re-emergence of Asia as the penetration of industry and the division of labor and control. Look at Asia today, both in the regional economic partnership agreements FTA negotiations, financial and monetary system, or built in the region, even in the specific area of industry standards, rules and other micro-level financial transactions, can see the Japanese busy. To achieve the "Asian domestic demand in Japan of the" target, this year in March in Japan proposed a further one billion people building the dream of a big market, breath thrown 200 billion U.S. dollars of the 650 large projects ready to build Japan's economy Asia's runway to take off again .
Disturb the recent appreciation of the yen, but Japan's business in Asia stride, to the export-oriented cast a shadow over Japan's economic outlook. Appreciation of the yen affects the competitiveness of Japanese exporters, the Japanese government on September 15 engaging in "currency unilateralism", to 2.1249 trillion yen foreign exchange market to sell, but the record did not interfere with efforts to block the stronger yen footsteps. Nov. 15 release of the data showed that external demand contribution to overall economic growth in Japan is still zero.
Program in the Asia market situation not been available in Japan only on their own to solve the dilemma faced by the domestic economy, the Japanese parliament passed the time a new economic stimulus plan that is hoped to increase employment, strengthen infrastructure construction and other means stop the economic downturn, at the same time, the Japanese central bank also expanded to follow the Fed stands ready to buy government debt. But given the trend of yen appreciation, the current Japanese economy is difficult to give people optimism. It seems only the first in Japan to stabilize the domestic economy is it possible to attend to "business in Asia," the big plan.
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