The earthquake that struck Japan in the early morning hours of March 11, 2011 was one of the most devastating earthquakes to have ever hit a country in the 21st century. Registering a 9.0 on the Richter scale, the quake also carried a fearful tsunami wave that wiped through tons devastating Japan in a scale never seen before. Such catastrophe also resulted in the meltdown of the Fukushima Daiichi Nuclear Power Station displacing many residents and ruining livelihood in the area. Almost a year to the tragedy, hence, we ask: how has the Japanese economy been affected by the nuclear meltdown?
Top online MBA programs would tell you that worst concern facing Japan is its ability to raise the necessary financing to usher recovery and growth. This is primarily due to Japan’s mounting debt, now valued at $10 trillion. Borrowing would severely strain the already constrained efforts to cut costs and even degree in business management students would have a field day analyzing the implications of renewed borrowing from international institutions and banks.
Beyond this, the area surrounding the Fukushima Daiichi Nuclear Power Plant would likewise be rendered useless for the next few decades. This is devastating to Japan’s already limited agriculture sector as Fukushima Prefecture is one of Japan’s main sources of locally grown crops. As imports for African mango and other needs rise to make up for the loss, the economy would be further suffer from capital expenditure instead of profit generation to finance local recovery efforts.
Of course, the water cooler talks for engineering degree online students particular in the nuclear sector would revolve around the design failures that led to the tragedy. It’s not a secret that Japan experiences devastating earthquakes on a regular basis and as such should have built more fool-proof safety systems into the reactor design. The early reports are not glowing with confidence; on the contrary, the tragedy is eroding Japan’s reputation as a powerhouse in nuclear energy generation. Head to any Κατασκευή E-Shop and the perception is that Japanese firms specializing in nuclear reactor design would not be getting a new business soon.
And that begs the more important question: in an era when power is of extreme importance, how does the Japanese economy generate the necessary electrical supply to make up for the loss? When you think about it, the economy is also handicapped by the high cost of manpower which is already moving critical IT jobs to countries with cheaper labor rates. Japan cannot afford to further lose more job opportunities to accelerated BSN programs and other sectors when it needs a major economic boost to generate the finances necessary to resurrect a flailing economy.
In the long-term, however, the prognostications for the Japanese economy continue to be good. Its major manufacturing industries in the electronics and automobile sectors are not affected by the nuclear meltdown. True, power generation would be a minor problem but the good doctor does not it will result to a power crisis, unless the people and the government collectively decide to dispose of nuclear reactors in favor of other sources of power… That would be a major problem for a country that has long relied on nuclear power in the absence of other viable sources of energy.
What Japan needs is a drug detox of sorts. It needs to purge itself of unnecessary spending and focus on rehabilitation in the short-term. In the medium-term, job creation has to become a major concern, and over the long-term, the country has to make social and economic reforms designed to make it more resistant to earthquakes as devastating as the March 11 tragedy. In short, it needs Sherpa dog carriers metaphorically described as the sled through which Japan can skate through treacherous terrain.
Of course, we sympathize and pray for the Japanese people who are in dire and tough times nowadays. With the combined effect of international aid and the support of the local government, the world is hopeful for a quick and painless recovery. Japan’s importance to the world economy cannot be overstated and its quick resurgence is important to aid the global economy in ultimately recovering from the financial crisis that began in 2008.
As there is no dearth of opportunities for undertaking online nurse practitioner programs; there is also no dearth of natural calamities in Japan. Though they have achieved a strong economy, but their economy is in constant threat due to different natural disasters. But they have taken important schemes to recover their tsunami stricken economy. The present status of Japanese economy is understandable from the overview of Japanese economy 2011. As people are curious about finding out different cheaper options for EMBA; they are also interested to know about the economic on-goings of Japan.
The economy of Japan has suffered huge loss due to the earthquakes. It resulted in the fall of manufacturing and mining output. This is because the consumer confidence is shattered due to the lack of supply and also due to the loss of property on the part of the consumers. As people become very cautious when they buy used cars Las Vegas; the Japanese people have become very cautious in every step as they wish to have an early recovery. Keeping in mind all these problems, the future trends are predicted in terms of manufacturing and mining output and a recovery of public investment and consumer confidence. Here is an overview of that:
In terms of manufacturing and mining output, the recovery is positive. As the possibility of getting car logbook loans makes you hopeful; this pace of recovery has made the economists hopeful. The progress in terms of reconstructing the industries has been going on a faster speed that the policy makers did not expect. According to the experts, this rapid growth of manufacturing and exportation of those goods will make the Japanese economy stronger than before.
As masters healthcare administration is important for getting a better job; strong consumer confidence is also very important for a strong and sustainable economy. The consumers are recovering their confidence in spending and investing after the trauma of natural disasters. Though the pace is gentle, still there is hope of a strong regeneration.
In terms of government consumption and public investment, a significant rise can be found. As it is not possible for a newly graduate to attend a party without having one of the proper prom dresses; it is also not possible for the government to recover from loss without public investments. There is also a positive rise in government spending.
In terms of housing investment, the pace is a little slow. As it takes a little bit time to settle the SA Property, it also takes time to recover the housing investments after natural calamities. So, the experts are not worried about the gentle pace.
As pearland air conditioning gives an assurance of a better cooling system within your home; this rapid growth in the economy has given the Japanese economists hope for a better and strong economy in future.
As there is no dearth of colleges and universities for doing a masters in health administration; there is also no dearth of different risk factors that may slower down the rapid pace of recovery. The rise of price; shortage of electricity; decline in public income; decline of buying power; etc are the risk factors involved here. As online criminal justice degrees are meant to fight the crime; the experts are taking different measures that are meant to fight these risk factors.