MADE IN JAPAN.
Let's start off on the history of Japan's exports and imports with different countries. In the 1980s, Japan had one of the largest economies in the world. In fact, the second largest with the Unites States being the number one in the world. The reason they were the second largest is because they had tremendous stock and property to sell in the 1980s. Though when the 1990s came along, Japan's stock and properties sold began to decrease and this became the slow but heavy decline in the once great Japan's population. Ever since the 1990s, Japan has not been able to get themselves out of their decline and in the 2010; China surpassed Japan in its economy. At the start of 2011, Japan's credit ratings company, Standard & Poor, gave the country a huge reminder of what has been bothering them for the last decade by decreasing the debt Japan owes.
Meanwhile,
many people are seeing the dramatic shortage of exports and imports of Japan.
This is because of the power outages, radiation levels in certain areas,
drowning, and damage of property all caused by the quake and tsunami resulting
in a trade discrepancy in April, May, and months to come. The March 11th
quake and tsunami devastated the economic activity in the world’s third-largest
economy. This caused Toyota Motor, Honda Motor, Nissan Motor, and Sony to have
a factory shut down. Many farmers, businesses, and factories had to pack up and
leave their job because of the damage done to Japan’s Nation.
Until then, Ellen TO
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