Japan economy on comeback course
If you think your country has been severely hit by the recession, Japan has probably been hit just as bad.. or worse. Worse because Japan’s economy is still in trouble while global signals indicate strengthening recovery trends.
Japan was one of the first economies to feel the economic crisis, they even got ahead of the pack with a problematic financial situation for the last decades. Japan was also one of the countries that had the fastest recessions as global demand quickly fell for the Japanese cash cows electronics and automotive products.
This week, the Japanese government has unveiled a ambitious plan to boost their economy and create up to 4 million domestic jobs by 2020. The plan states environment as one of the key markets which seems both sensible and necessary.
Japan has also been hit with political schisms several times during the last decades and the current Prime Minister Yukio Hatoyama is no exception. As Japan seeks to reinstate themselves as global economic leaders, Hatoyama faces a political recession with dwindling support and political funding inquiries. Untimely to say the least. Japan needs clear leadership to bring their economic plan into action.
Related posts:
- Bank of Japan issues new warnings
- Japan and Asia continue decline Q1
- Global Stocks and The Dow move sideways
- Is politics killing the economy?
- Tough economy trends spill the beans
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