In this pages, I chosed to talk about japan economic which nows is in a jeopardy. Everyone knows that Japan used to be the world second largest economy. Now it is surpassed by China’s economy. There are some significant evidences why Japan is beat by the Chinese economy.
According to the news, Japan has been in a bad recession for a long time, so it is still hard for them to recover economic health. In this year, the GDP or Gross Domestic Product didn’t rise very well. The percentage of the GDP has been decreasing. Moreover, a lot of economists predicted that China will be number two economy instead of Japan. However, the percentage of the Japan’s GDP was exceeding more than China in the first quarter. Also, export growth was slow down approximately 4.4 percent. The economy of six economic countries such as the United States, England, Germany, France, and China has been growing way more than Japan. In brief, Japan has been suffering since the 1990s, so it will be difficult to beat China.
In my opinion, Japan also has a lot of debts, and it seems to have more and more debts, and the causes that lead to a bad recession because of overpopulation. Furthermore, unemployed people will increase a lot.
According to http://www.bloomberg.com/news/2010-08-15/japan-economy-grew-annualized-0-4-in-second-quarter-less-than-estimated.html
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