http://www.ft.com/intl/cms/s/0/e505f51e-7642-11e2-9891-00144feabdc0.html#axzz2KtVwXYuw
This article in the Financial Times depicts how recent efforts to stimulate the Japanese economy have yet to show any real progress. Some economists project that we will start to see some positive growth in the coming year, yet others believe that we will actually see a contraction. Is there much hope for Japan in the near future? Is there anything they should be doing differently?
My group had Japan when we did those policy exercises in class. I think that this is the right path for Japan. They have been stuck in recession for awhile and its time to start doing something about it. According to the Keynesian theory, increasing government spending should help Japan increase employment. Wether it will actually work or not, im interested to see. Either way, it is better than doing nothing.
ReplyDeleteJapan has been in a recession for the last 20 years. But what we should be really worried about is our own country. We are following the same procedures and implementing the same policies that the Japanese did when their economy was hit with a big boom. Its scary to think about.. that we might indeed have a 20 year recession here in the United States. We need to strongly consider different policies and not take notes from Japan who have obviously been paying the price the last 20 years or so.
ReplyDeleteWhile I do think that there are good lessons to learn from Japan, we should also not neglect them, because we are now so entwined within the world market that we need their economy to rise as much as we want our own to. Everyone in this world plays a crucial part in the future and just looking after our own interests will not be enough to save us from economic problems.
ReplyDeleteJapan needs to continue doing what they're doing in order to get themselves out of this recession. Although we won't know if it will work or not we need to look at what Japan has done and learn from it.
ReplyDeleteJapan plays an important role in the world's economy. What is happening in Japan is a lesson for us. We need to learn from it to avoid the mistakes.
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