Issues in Global Business : Assignment

Added on - 21 Jul 2020

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ISSUES IN GLOBAL BUSINESS
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Japan's recent developments and contribution for global economy.......................................1P2 Key points that the new government should prioritise over the next 2-3 years.....................3Conclusion.......................................................................................................................................5REFERENCES................................................................................................................................6
INTRODUCTIONThe aim of this report is to analyse and investigate the economic issues in Japan. Theintroduction includes the main strengths of Japan and the current position of Japan's economy.This report also covers the recent developments in Japan and its contribution towards the globaleconomy. The policies applied by the Japan's PM to develop and improve its GDP rate also theeconomy and reducing the deflations in any condition or situation. The contribution of Japantowards the global economy with the policies and strategies implementation in the economy. Thekey points and suggestions are also implemented for the new government to improve anddevelop the nation with these economic issues and their utilization. This report also covers thekey areas from which Japan government emerge from its current situations.TASK 1P1 Japan's recent developments and contribution for global economyDevelopmentsJapan government has announced its policies and strategies for developing the economygrowth from mild deflation and low growth state. Japan's Prime Minister, Shinzo Abe includesome policies on three factors, which are also known as the three “arrows”. These are fiscalpolicy, monetary policy and growth enhancing structure aimed for securing the growth trendboth in real and nominal. The program which includes the implementation of these three arrowsis known as 'Abenomics'.Monetary policyThe implementation of Abenomics has mainly focused upon the large extent of first twopolicies or pillars, monetary and fiscal stimulus (Mendenhall, Osland, Bird, Oddou, Stevens,Maznevski, and Stahl, 2017). The first arrow, monetary policy is the key element of the program.The inflation target of 2% is adopted earlier in 2013. The bank of japan introduced two monetaryeases known as qualitative and quantitative (QQE). The aim of these two is reaching the inflationtarget within the time period of two years and also as earlier as possible. The bank of Japan haschanged its operating target to the monetary base for increasing the outstanding amount with theremaining maturity average of Japanese government shares and bonds to be purchased.Fiscal policyThe second raw which is, fiscal policy, the government of japan is delivering fiscalstimulus (short term) to the economy and most of this by adopting the two stimulus packages1
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