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Showing posts with the label Economy

Time-Lapse Video Shows One World Trade Construction

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Walmart Statement on FCPA: English

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Migrating to India

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Recently, Japanese government announced officially that they will build a smart city in Chennai, India, where five million Japanese people will settle, and the city will be modified to Japanese specialties; the massive project, for which Japanese large farms - Mizuho Corporate bank and JGC (Japan Gasoline Company) will spend four billion yen, will be Japan's first attempt to export its smart-city technology to the foreign land. With many Japanese super markets and other commerce facilities within the city, it will be totally livable for Japanese residential officials and their family without being disturbed by any culture shock. Source(s): http://read2ch.com/r/lifeline/1326552527/ http://www.yomiuri.co.jp/atmoney/news/20120105-OYT1T00638.htm?from=tw http://www.youtube.com/watch?v=2wdw64aHYXA

2050 World's GDP Ranking

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Recently, HSBC, a British bank, stated a forecast of the world's GDP ranking of 2050 based on its research accroding to the United Nation's population projection and their research of potential power of each country. China The United States India Japan Germany The United Kingdom Brazil Mexico France Canada Italy Turkey South Korea Spain Russia Republic of the Philippines Indonesia Australia Argentina Egypt As it is said that the world's center is shifting from the Pacific to the Indian Ocean, the International scenario is rewritten faster then ever before. The most agree that Asia, of which China, India and Japan will remain their strong influences, will be the most important financial hub of the future world while Europe - except for Germany and Britain - will fail into decline; and as it does now, the States will remain a major power to the world in various aspects. Source(s): http://ww...

Spain Tries to Hold Olympic Games in 2020.

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Plaza de Castilla Despite its debt crisis in per with Italy and Greece, Spanish capital, Madrid showed the city's intention that it will join in the Olympic bid for 2020 summer games for which Tokyo, Rome, Istanbul and other cities bid. Even though the city's mayor declared officially that eight-tenth of Olympic facilities have already been built, the city's exposure will reach 63.7billion Euros within this year. Having bid for Olympic games for a number of times in the past decade, the city, however, hasn't been gotten success. Source(s): http://www.jiji.com/jc/c?g=spo_30&k=2011122800005&m=rss http://en.wikipedia.org/wiki/File:Plaza_de_Castilla_(Madrid)_06.jpg

The Economics of Happiness

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Japan 1987

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From the late 80's to the early '90s, Japan had enjoyed massive babble economy as well as was the biggest booming nation at that times, like today's China.  The video uploaded on YouTube is taken by a foreigner and let us have a glimpse into the past. The booming economy, however, didn't last long, as it ended with the asset bubble burst, causing Japan's major economic depression for more than 20 years on.  Even today, some reminiscent of the country's heydays despite the fact that the nation's economic influence in the global context is dwindling unstoppably.

Japan Turns Its Back on China

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In-between two world-powers, the U.S., and China, Japan has been led around by the nose and always will be. To keep having an influence on Asia-Pacific areas, US government invited Japan to join in American-centered economical framework - TPP (Trans-Pacific Partnership) - while China tried to draw Japan into Asian-based framework, ASEASN (Association of South East Asian Nations) + 3 (Japan, South Korea and China), which is aimed to be like EU-based strong union in the future. The ultimate purpose of TPP is to get rid of customs duly that is applied on every item traded bi-lateral nations who are members of the framework, at the mean time, there is an American speculations to rule out Chinese influence in the global context. Since Japan is proud of the third largest economy as well as its first-rate status in the world, the both of the world-powers tried to embark the nation into their groups. Today, Japanese Prime-Minister, Noda, announced...

Asian New Frameworks

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Aiming their goal at EU-like framework, Japanese and Chinese governments advanced Asian economic unification in the last ASEAN + 3 (Japan, China and South Korea) conference. While Japan promoted wide-range of Asian economic integration as ASEAN + 6, including India, China tried to go ahead with ASEAN + 3. They, finally, postponed the decision to build the future framework. Source(s): http://www.asahi.com/business/update/0812/TKY201108120575.html?ref=rss http://blogs.yahoo.co.jp/plusyouingtravel/19761379.html http://blogs.yahoo.co.jp/success0965/6946383.html

G7 Passed over Japan.

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A meeting of Group of Seven (G7) constructed by world's major seven nations, including U.S., U.K., France, Canada, Germany, Italy and Japan, was promptly held in response of the downgrade of American government stock as well as was the first time in five months; the last time was held in March 18, shortly after the Japanese incident in Tohoku. President Obama held councils with prime ministers or presidents of other members of the group while they didn't even try to get in contact with Naoto Kan, the prime minister of Japan. For this issue, Japanese Net-users commented on an electronic board: "Why don't they rename it as G6?" "Letting Russia join in the group to name it as G7, they eliminated Japan instead of that." and more... Source(s): http://www.nikkei.com/news/category/article/g=96958A9C93819481E2E4E2E0E58DE2E4E2EAE0E2E3E39797EAE2E2E2 http://www.graphexpo.com/SessionsEvents/G7Summit.aspx http://read2ch.com/r/newsplus/1312654410/

Downgrade of American Government Stock

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An American credit-assessment company, Standard and Poor's, reduced the credit rating of American government stock from AAA to AA+ Source(s) http://www3.nhk.or.jp/news/html/20110806/j1108060952091.html http://www.ukrainebusiness.com.ua/news/2682.html

Japanese Labor Hours are the Longest among Major Countries, While Its Productivity is the Lowest.

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On August 3rd, Health, Labour and Welfare Ministry of Japan announced that Japanese industries' average labor hours recovered to the former standard of the incidents in March. Comparison of the Number of Days of Summer Holiday among Developed Nations Australia: one and a half month. Spain: one month. Sweden: 25 days to 35 days according to his/her age. Austria: 35 days. France: five weeks + two weeks in when laborers can cut their labor hours in half. Poland: 46 days; laborers who've worked more than 10 years have ten more days to rest. Germany: minimum 33 days, maximum 37days. Italy: minimum 32 days, maximum 42 days. Norway: The average is 25 days. Japan: 5 days . Literally, "give me a break." A Factory in Japan Alarms set in the hallway will warn you, if you walk slower than the pace: 5-meters in 3.6 seconds. An office without any chair.  Source(s) http://blog.livedoor.jp/nwknews/archives/3886751.html

Injection of Taxpayers' Money into TEPCO's Damage Payment

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On August 3, a new low to help TEPCO (Tokyo Electronic Power Company) pay for nuclear-power-plants' damages with infusions of public money was established in upper House plenary session. Since the day in when Fukushima Daiichi Nuclear Power Plants were melt down, people have aimed their attack at TEPCO as well as the whole concept of the company. The decision DPJ (Democratic Party of Japan: the administration party), LDP (Liberty-and-Democratic Party) and Koumei Party made caused controversy among taxpayers due to the fact that the nuclear incident was perceived as a human disaster. Even though TEPCO is one of companies that is crucial to our lives, there seemingly is no way to justify the decision. A Japanese Movie "Tokyo Nuclear Power Plant (東京原発) (2004)" Recently, a movie called "Tokyo Nuclear Power Plant" bears a little attention on YouTube. The story centers on the daring Tokyo's Mayer, Tenma, who try to build a nuclear power plant in ...

Want of a Sliver of Life

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Few decades down the line, Japanese has experienced significant generational gap in terms of sense of value to view their real-life context. Since the postwar period, those in Japanese mainstream has stressed on the virtue to live off of being permanent employees getting out of their poor lives. Such belief could root in the society according with the dramatic economic expansion; today, the circumstance around employees,however, changed completely with decline of Japanese economy. Throughout such change, people, especially youth, started to consider whether following the mainstream, which is unstable today, is valuable enough to make their lives meaningful or not. One of reflections on such the social context is the popularity of series of mangas created by a young manga artist, Inio Asaho, best known in Japan for "Soranin," which adopted a live-action movie. In his works, characters commonly don't have any strong impression or any supernatural ability as we can see in ...

New Age, New Asia

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With an unending chain of recession started from the early '90s asset bubble burst, being stalled with no way out, Japan lost its glory. Behind the future super power on the continent, Japan is less represented now. In Japan, the term "bubble" has special meaning due to its major influence in the country both positively and negatively that catapult the nation as a whole into the top of the gleaming stage and then nudge it to the abyss. Even today Japanese still call the generation that enjoyed such "bubbly" days as "bubble" twenty years later. During the bubble economy, Japanese major agencies waged economic invasion on every corner of the globe. Few of the targets were irreplaceable pieces that carry national flags, including Vincent van Gogh's "Sunflowers," Auguste Rodin's "The Thinker," and Rockefeller Center in New York. Such behavior arouse resentment in the world, especially from the late '80s to the early ...

Into the Sunset

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Is Japan in decline? Watching TV all day along, we can see such negative thoughts on screens quite a few times; and the answer is "YES." Compared with 1990's, in when women in gorgeous dress performed sexually-provocative dances on stages, Japanese enjoyed its bubble economy growth, especially in and around the Japanese megalopolis, Tokyo - the most populated urban area in the world. At this juncture, all forms of desire - gleaming skyscrapers and people heading for the towers like moths to a light - took shape every around corner of the mega city, and throng in business suites enjoyed absolute mayhem on play-streets every night without any thought that the economic growth would not last long. Dipping after peaking in October,1990, Japanese economy showed significant decline with the asset bubble burst; and such was the beginning of unending chain of sorrow. As if it were an empty dream, Tokyo lost its splendor all at once. Not only its decline; rise of its Asian riva...