Introduction to International Politics
Foreign Event Analysis
| Locale | ![[]](http://www.kvasaheim.com/flags/flag15-jp.png "Flag of Japan") | Japan |
|---|---|---|
| Title |
Japan’s Economy
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| Summary |
Japan and other Asian countries such as South Korea are beginning to feel the plight of the financial crisis in the United States. On Thursday the Sony Corporation revised their operating forecast for the fiscal year by eliminating 270 billion yen from the total. This total halves the normal annual profit that Sony Co. is predicted to gain. South Korea on the other hand is at a four year low in their economy.
This has put a major toll on the Japanese economy, especially because they are extremely involved in the trading of technology.
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| Analysis |
Technology and the buying and selling of it, in not only the United States but many other countries around the world, is very crucial to Japan. Japan creates a large portion of the technology the world uses today, and without that trade the Japanese market will inevitably fail as well.
The inevitable interdependence between Japan and the rest of the world through technology creates a difficult situation for the economy. The transfer of technology is what creates the close relationship between the United States and Japan and if it were damaged then the relations between the nations would suffer as well. The world has been engaged in constant trade and it is now tampered because of the financial crisis.
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| Perspective |  | Liberal |
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| Out-of-Region URL | ||
| Submitted | October 24, 2008 at 12:17 pm | |
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