Japanese Economy: Future Impact.

摘要

The Japanese economy has made an amazing recovery from its post-war ruin to become one of the most prosperous and dynamic in the world. In order to develop their economic base after the war, the Japanese made significant sacrifices through hard work and reinvesting the return on their efforts. These sacrifices, along with astute industrial and trade policies, helped create the Japanese economic 'miracle' that has been the envy of the world. I will examine Japan's current role and policies concerning the world economy; next, I will consider domestic factors that have raised questions about Japan's economic prospects; finally, I will consider international challenges to Japan's economy. The conclusions are that Japan's period of explosion growth has ended, but that it will continue as one of the leading economic powers. Since the continued economic prosperity of Japan and the US are interdependent, both sides should be more cooperative. Finally, due to geopolitical imperatives, America should discourage Japan from significantly improving its military capability.