Japan Assignment- reasons for strong Japanese economy, what problems Japan must overcome for Industial growth to be achieved and what problems has industrial growth caused.

Essay by Jaffar November 2003

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1) Why does Japan have a strong economy?

From around the middle of the 1970's, Japan began to develop extra trades as exports exceeded imports. Japan is split up into 4 islands- Kyushu, Shikoku, Honshu and Hokkaido. Most of the trade occurs in the island of Honshu, Kobe is in this island. Kobe is one of Japan's biggest steel makers and handles more than 12% of Japan's exports. Japan spends around $2900 on imports from a variety of different countries, for example they would import cars like the BMW and Volkswagen from Germany. Japan gain around $2700 from exported goods, these include playstations and mobiles.

Japanese manufacturers of such products as electrical equipment and cars are moving production facilities overseas, moreover, to make up for the costs of the stronger yen--which is a result of Japan's large trade leftover to begin with. In April 1996 to March 1997 investment in overseas factories topped ¥ 5.4

trillion ($45 billion). 99.7% of Japan's oil comes from oversea. The big companies in Japan such as Sony and Panasonic import goods to over 200 different countries across the globe, Japan make a lot of money through this. In 1992 Japan:

-Produced more cars than any other country in the world

-Produced 15% of the world's steel

-Launched more ships than anyone else

-Produced more televisions and radios than the whole of Europe

-Produced more watches than Switzerland

-Produced more high quality cameras than Germany

-Made significant advances in computer technology and is a world force in the aircraft and space industries.

One of the main reasons Japan has a strong economy is because the majority it's population are very well educated and trained. Japan is one of the best educated country in the world, a clear source of...