Japan's Economy Mimics U.S.
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Japan is the world's second largest economy, but it lives on exports, many to the U.S. With consumer confidence in the U.S. at a low point, Japanese companies are hurting. Barry Peterson reports.
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i was joking
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@XxxSakura101 Blame Kennedy for not being bullet proof 11110
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@vocoloidfreak11 That was before the Tsunami
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GOD JAPAN STOP COPYING US
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I hope my countries relation with japan in the future strengthens. God bless both nations. PEACE :D
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Japan does follow the same system as the U.S but is still different a bit, But even so there are surprising similarities between americans and japanese, Japan feels safer and trusts americans more than they do with most other asian countries. However there has been some indifferences with trade frictions which has cause slight political frictions but is very minor, However even with american influence i feel as if we've been highly influenced by japan to with cultural exchange.
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@asakaolol Also don't troll, you're not good at it.
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@asakaolol You do realise no one except a fool would belive you are from the US, right? You're English is nowhere near native levels..i should know..as it's my mother tongue.. Also, you use the gross debt, and not the net which actually has the US at a 70 trillion surplus out of a gross worth of 300 trillion. Secondly, printing money is not likely as the US system runs on credit, which is bought in the form of tresary bonds. At least learn how our system operates..
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@asakaolol It's a simple mater of changing interest rates and as stated "re-energize" it's economy to spend and not save. This means lower interest rates, and less government spending. Please do not insult others and place yourself on superior ground when you belive yourself to be. It is not polite, friend.
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@asakaolol Entitlement programs work in similar fashion with a transfer of wealth from the government, to another domestic party. If the Japanese debt had been held outside of the country, that would have been another mater entirely, but the reasoning is that Japan is not bankrupt. Bankruptcy means that 'x' member can not repay lent money to the other party. The fact that Japan continues to spend revenue is proof enough that this is not the case.
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@asakaolol . Japan is not bankrupt, far from it acually. 93% of the Japanese debt is held domestically, which is outstanding. This means the money has not left the country, instead being shifted to the private sector and increases the flow of wealth from government to citizen.
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@asakaolol You shouldn't insult people, it leaves a poor impression on you're personal integrity. Economics is a slightly more complex issue than you are making it seem, the US holds most of it's own debt, but all debt is is credit. countries can afford to be very high into debt and others allow it because if an importing econamy stops spending, they lose a a primary nation to export to
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@asakaolol It's saying that because the US is in trouble, Japan who is strongly linked to the US-suffers as well. This is not exclusive to Japan, China has seen it's GDP downgrade from 12.2% to 5/1% and 33% budget deficits that have run up a 45% debt when was before it has a 1.1 trillion surplus in the treasury. The US is a very important trade partner of Japan's and when the US can't import, Japan can't export as well as it did before.
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OK so japan must re-energizer its own economy.
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@doranda777 yea had some beef noodle at the airport in Tokyo not sure what kind was expensive tho but worth it good stuff.
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Japan imitates literally everything of the US!!!!
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Japan does have some natural resources. Rice,soy,bamboo and beef from Kobe. Actually,the best beef i have ever eaten.totemo oiishi deshita
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Exporting is one way of earning money but that desn't healp if it's the major part of Japan's economic earnings.
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I love the way he says Tokyo at the end...
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