| Jobs in Asia Pacific Cities |
- Bangalore, India
- Chennai, India
- Hyderabad, India
- Mumbai, India
- New Delhi, India
- Adelaide, Australia
- Auckland, New Zealand
- Bangkok, Thailand
- Beijing, China
- Brisbane, Australia
- Brunei, Brunei
- Chongqing, China
- Colombo, Sri Lanka
- Christchurch, New Zealand
- Ho Chi Minh, Veitnam
- Hong Kong, China
- Jakarta, Indonesia
- Kuala Lumpur, Malaysia
- Macau, China
- Manila, Philippines
- Melbourne, Australia
- Osaka, Japan
- Perth, Australia
- Pnom Penh, Combodia
- Port Morseby, New Guinea
- Seoul, South Korea
- Shanghai, China
- Singapore
- Suva, Fiji
- Sydney, Australia
- Taipei, Taiwan
- Tianjin, China
- Tokyo, Japan
- Wellington, New Zealand
- Yokohama, Japan
- Islamabad, Pakistan
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Economy of Japan |
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Japan is often described as the second largest economy in the world next to the US. The rapid economic progress of Japan has been possible during the recent years due to fast industrial rebuilding replacing the old technology with the latest cutting edge technology, efficient manpower resource utilization, free trade policies, free flow of international communication, co-operation of the government and massive foreign exchanges.
The world's third largest country in Purchasing Power Parity (PPP) the economy of Japan is highly competitive in international business sectors. The economy of Japan is marked by a well-constructed work force known as Keiretsu in Japanese.
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The term Keiretsu refers to the good relation and co-operative efforts between the manufacturers, suppliers and distributors in Japan. Some of the unique features of economy in Japan are the wage negotiations between the unions and the employers popularly termed as shunto, lifetime employment in multinationals called shusin koyo and union emphasized blue-collar factories. According to the statistics the economy of Japan has experienced an average growth of 10% during the 1960s, an average growth of 5% in the 1970s and an average growth of 4% in the 1990s. The economic growth in Japan dropped a little during this time due to over investments and domestic policies. A bubble boom from 1986 to 1990 characterized the economy of Japan. During this time Japan enforced strict norms and policies helping citizens to save in their incomes. Japan also experienced a trade surplus and with lots of money in banks the Japanese companies made huge investments in the capital market.
The economy of Japan became stagnant towards the end of the 1990s and the beginning of the millennium. The economic growth experienced a steady recovery from 2003. The GDP growth rate showed an outstanding rise with 2.8% in the year 2005 surpassing the growth rate of the European Union. This steady economic rise has been possible due to domestic consumption.
For further information on economy of Japan browse other links of naukrihub.
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