Briefing on JapaneseEconomy and Business
The Sixth Biennial International Business Institute For Community College Faculty
May 17, 2005 8:15am to 9:00am
Toshikata Amino
Visiting Professor
Kansai University of International Studies, Japan
Current Status of Japanese Economy
• Japan is now finally getting out of long sluggish economy since 1991、 however not stable yet
Japanese Government’s Official Economic Report, April ‘05
1 Corporate profit is increasing and also investment is slowly increasing
2 Consumer expenditure is improving
3 Unemployment ratio is still a concern however we see a sign of improvement
4 Export is weak and domestic production is
not increasing
GDP Forecast for 2005
• 0.6%
• (Past couple years – minus or zero%)
History of Real GDP
• Unit \100 Million or about $1 Million
Bankruptcies-Decreasing
Relatively High Unemployment
Impacts of Sluggish Economy to Household
Savings and
Debts of
Salaried
Workers’
Household
Household Saving Ratio
Strong Yen made Japanese Manufacturers difficult to export
Overseas Investment
Overseas Production Ratio
For Example – Auto Industry
• Export from Japan
Overseas Production - Automobile
Japan’s Problem-Aging
• Japan is
Fastest
Aging
Country
Birth Rate is decreasing
Life Expectancy – Higher and Higher!
Population Forecast
Distribution of Japanese Population
Decreasing Labor Forces
Foreign Labor Forces
Social Security in danger
Some Impacts - Examples
• Beer Consumption
Examples (Continued)
• College Enrollment
China Impacts• GDP Trade
China Impact (Continued)
• Real Economic Growth Rate
China Impacts
• China for Japan
• 90th Low wage labor for manufacturing.
Products for Japanese market
Manufacturing bases for global market
• 00th Huge potential market
China Impacts (Continued)• China is becoming the most important trade
partner
China Impacts (Continued)
• Trade Surplus
with China
Deficit
More college students from China
Interesting Social and Economical Phenomenon
• Rapidly increasing number of mobile phones
(Continued)
• Health conscious Japanese are not helping
MacDonald Hamburger
Land PriceCome to Tokyo, build your house
Thank you for your listeninge-mail aminousjpn@aol.com