Japan's heavy reliance on export income as a drive for its economy at a time of worldwide economic slowdown, including recent deceleration in the US economy, anaemic recovery in Asia and concerns over Iraq, render the Japanese economy particularly vulnerable to external shocks. ...
It issues Federal Reserve Notes, clears checks, acts as a fiscal agent to the federal government, and audits and maintains competition in the banking system. ... A difference between the ECB and the Federal Reserve is that the ECB solely focuses on the currency issues whereas the Federal Reserve will focus on issues regarding other economic issues such as unemployment. ... The Securities Market Programme (SMP) was another unconventional monetary policy tool used to combat the poor economic conditions. ... The changes in the policy interest rates were implemented as the crisis developed, sparki...
Globalization has taken over, allowing countries to lower transactions costs across areas of economic trade and social interactions. ... It could potentially damage the world economy due to the fact that Japan, China and the United States are all economic superpowers. ... The Chinese need for redemption and competition stems from their multiple past defeats by the Japanese empire, a history the Sino nation will not soon forget (Swaine, 2013). In addition, since the UN convention on the Law of the Sea was ratified in 1982, Japan has ranked higher than China in Exclusive Economic Zones (EEZs) (&...
