Documents

Challenges and Overcome Japan & Us

Categories
Published
of 6
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Share
Description
Challenges that Japan and United States has face
Transcript
  JAPAN Challenges Overcome 1. Decrease in consumer confidence     Almost every country that experiences a calamity suddenly undergoes a period of depression, both economic-wise and socially. That is an obvious result to such devastating causes that can disrupt the natural, political and social environment, as well the human infrastructure needed for the delivery of essential public and private services. Business activity slows down as well as the consumption of non-essential goods. People prefer to save whatever resources they have for their daily survival needs.   As things improve, however, as they must have already done so in the interim in Japan, people might become more upbeat. Other factors, nevertheless, complicate the situation, as we can glean from the other factors that continue to challenge Japanese society. 2. Unbalanced Demographics     Japan, not unlike many developed and developing countries such as Singapore, Sweden and others, has a shrinking population with a big part of which is made up of aging citizens. On the average, Japan has a ratio of two workers for each retiree, a rather large and unsustainable ratio compared to its previous more productive years.   This ratio means the government will have a harder time sourcing out funds to support its growing elderly population while seeking to address the other side of the equation by enhancing its number of productive workers that will support and sustain its economy into the future. How to overcome unbalanced demographics:   Develop infrastructure in a sustainable way according to population needs.   Achieve economic growth for the well-being of the population   Promote social inclusion of all population groups   Develop social infrastructure and regional societies  3. Energy Insecurity     Ever since the Fukushima event, the use of nuclear energy to provide power for industrial and general use has greatly diminished. Energy shortage and power costs have battered the Japanese economy as if it were a daily tsunami hitting its shores and wreaking havoc over its traditional role as a powerful economic and trade force in Asia as well as in the entire globe.   Previously providing one-third of its energy requirements, nuclear energy has almost lost out totally to other power sources (coal or gas) which have to be imported; thus, aggravating the economic landscape that is already bleak as it is. How to overcome energy insecurity:   Immediate actions aimed at increasing the EU's capacity to overcome a major disruption during the winter 2014/2015.   Strengthening emergency/solidarity mechanisms including coordination of risk assessments and contingency plans; and protecting strategic infrastructure.   Moderating energy demand.   Building a well-functioning and fully integrated internal market.   Increasing energy production in the European Union;   Further developing energy technologies;   Diversifying external supplies and related infrastructure 4. Lack of Confidence in Political Leadership     Until Prime Minister Abe came out with policies to revive the Japanese economy, the post-Fukushima scenario was a period of gloomy outlook for the nation’s economy. Inviting local and foreign investors to rejuvenate the dwindling economy in the face of natural and global economic causes has somehow given new impetus for people to spend more aggressively than before.   The renewed confidence might just be the signal for Japan’s recovery in spite of the existing challenges. However, implementation of new policies and economic thrusts sensitive to the realities of the present will determine how the nation will fare into the near future. How to overcome lack of confidence in political leadership:   Do not allow your emotions to get in the way. Seasoned leaders know not to wear their emotions on their sleeves. They don’ t yell or get overly animated when times get tough.   Do not take things personally. Business decisions and circumstances don’t always play out logically because office politics and other dynamics factor into the process.   Keep a positive mental attitude. During the most difficult of times, leaders must maintain a positive mental attitude and manage a narrative that keeps their employees inspired and hopeful.   Remain fearless. When leaders project confidence, they instill it in others. During uncertain times, leaders must remain fearless and project a cool persona that communicates composure to those they lead.   Respond decisively. Leaders who  maintain their composure will never show any signs of doubt. They speak with conviction, confidence and authority whether they know the answer or not.   Take accountability. When you are accountable, this means that you have made the decision to assume responsibility and take the required steps to problem solve before the situation gets out of hand.   Act like you have been there before. Leaders that act to show they have been through the problem solving process numerous times before are those with strong executive presence who approach the matter at hand with a sense of elegance and grace. 5. Establishing Productive Trade Relations     One factor that observers have felt must be addressed is the repositioning of Japan as a more active trade partner with growing economies in Asia as well as those in the trans-Pacific Region. The road ahead is not very clear; however, like most nations in general, the prospects of growth are rife. It could be the right direction that Japan needs to reinvigorate its economy and reclaim its position as a leader in global trading.   Rising from the literal ashes of the last world war to become a world economic power, Japan is not a newcomer in terms of overcoming great odds and achieving dramatic success and economic development. The character of the Japanese people has been proven time and time again in the past. No doubt, the nation will be able to face its How to overcome establishing productive trade relations:    (2013 © Copyright  Elliott & Associates Research Global Markets)   UNITED STATES Challenges Overcome Trade   The most important priority for the U.S. trade agenda in 2014 will be the successful conclusion of the Trans-Pacific Partnership Agreement, with 11 trading nations in the Asia Pacific.   The imperatives are both economic and diplomatic: the TPP is a central element of President Obama's pivot to Asia and it forms the central core of a broader Asia regional economic architecture. Failure to conclude this agreement would have large-scale negative consequences for U.S. leadership in the Asia Pacific region, and risk ceding the game to Beijing. Federal Reserve   The Fed faces extraordinary challenges in 2014. Under the new leadership of Janet Yellen, the Fed's successful management of its pro-stimulus policy is an essential element of economic expansion in 2014. Its aggressive stance aimed at lowering the unemployment rate does not conflict with its two percent inflation target.     If inflation rises, however, the Fed will need to tighten - even if its lower unemployment rate target has not been reached - and the stock market will fall. If, however, inflation keeps falling, the Fed will need either to buy even more securities and/or commit to a more extended period of zero short term interest rates. Otherwise, persistent disinflation or deflation will boost real interest rates and weaken growth. Either way, the Fed will have a tough 2014.  Housing   A strong economy relies on a stable
Search
Similar documents
View more...
Tags
Related Search
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks