Japan faced a recession

The Japanese economic ship has a great history. On April 1999 until 2002, the economy was in the recovery state. In 2008, the production was ceased. In March 2009, Japan was at the trough because their country reached a global financial crisis. In April 2009. The economy was recovering due to the foreign demand. In November 2009,they were in a state of moderate deflation.

 

Japan is known to be the third largest country in the world. It’s famous to be the largest in the electronics and automobile industries. To win over deflation the prime minster is planning to increase the prices. However, this will add more jobs .

 

The Japanese economic ship faced a recession that was caused by real estate and stock prices boosting. This recession lasted for longer than a decade. During 2008, the Japan economy bumped into a huge rock. The global crisis was the worst financial crisis in Japan.The damage caused a lot of problems like the failure of financial institutions, the bailout of banks, and the drop in stock markets everywhere. Many businesses failed. In addition this crisis caused the 2012 global recession.

 

The ship experienced an expansion. Japan unlatched themselves to new ideas. They faced new social, political and economic changes.

The economic desire was to make Japan powerful and wealthy so that it would never sink again.

Although, They predict that in 2017 Japan will face major growth for the nation’s economy. Japan’s potential growth rate is between 0.2% to 0.3 %.