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Japanese Economy
Title: Japanese Economy
Category: Literature / English
Details: Words: 807 | Pages: 3.4 (approximately 235 words/page)
Japanese Economy
Central in the Japanese economy is the family approach. Somebody who joins a company
joins a family. And there are “families” of companies. The three sacred treasures makes this
real:
1. lifetime employment
Since you know that you are going to work in the same company until you retire you care
much more for that the company is doing well. If the company is doing well you get
bonus(can be considered profit sharing). Up to 30 % …showed first 75 words of 807 total…
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…showed last 75 words of 807 total…textiles and other small-scale industries
with low-cost labor and modern machinery, but later also on heavier industry as shipbuilding
and cars.
One important aspect of Japanese economy is that they have few natural resources. So
although they try to favour the Japanese companies they have to import certain things.
The government also gives grants and low-interest loans.
They apply monetary and fiscal policies to the economy. They use tax incentives to promote
savings and investment.
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