Japan Aff Michigan 2010 / ccgjp lab – 7wks
rearm kills japan economy JAPAN REARM WOULD STRAIN THEIR ECONOMY
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- JAPAN KEY U.S. ECONOMY
- JAPANESE ECONOMIC COLLAPSE WILL DRAG THE U.S. ECONOMY WITH IT.
- A2: Japan Econ Add-On (1/2)
rearm kills japan economyJAPAN REARM WOULD STRAIN THEIR ECONOMYKAWASAKI 2001 On the other hand, too big Japanese military power, nuclear-armed and designed for the worst-case scenario, would ignite an arms race in the region, with an enormous financial burden on the Japanese economy. JAPAN KEY U.S. ECONOMYJAPAN’S BOND HOLDINGS MAKE IT A CORNERSTONE OF THE US ECONOMYFlanigan 2003 With the global side of the Japanese economy doing so well, does it matter that, back home, the economy is such a mess? It does. Japan can't afford a weak and isolated domestic economy -- and the United States can't afford for Japan to have one either. Japan is a leading U.S. trading partner and lender-investor, with the Japanese government holding an estimated $500 billion in U.S. Treasury notes and bonds. Japan literally holds a mortgage on the U.S. economy. JAPANESE ECONOMIC COLLAPSE WILL DRAG THE U.S. ECONOMY WITH IT.Atlantic Monthly 2004 <1/1, lexis, Sherle R. Schwenninger is a co-director of the Global Economic Policy Program and the director of the fellowship program at the New America Foundation. He is also a senior fellow at the World Policy Institute> Despite its unchallenged military might, the United States has an Achilles' heel: its economy depends on foreign capital. Though hardly anyone acknowledges this publicly, China and Japan already hold so much American debt that, theoretically, each could exert enormous leverage on American foreign policy. So far, the economic dependence of these countries on American consumers has kept them from exercising such power. But what would happen if, for instance, Washington changed its one-China policy and officially recognized Taiwan? Or if the Bush Administration threatened to invade North Korea? Simply by dumping U.S. Treasury bills and other dollar-denominated assets, China--which holds more federal U.S. debt than any other country--could cause the value of the dollar to plummet, leading to a major crisis for the U.S. economy. China and Japan wouldn't have to be consciously hostile to wreak havoc; they could create a currency crisis by accident, through either bad policy decisions or instability in their own economies. Both countries have weak banking systems that are burdened by bad loans that will never be repaid. Economists have long warned that the collapse of Japan's banking system could devastate the United States. A Chinese banking crisis could cause equally severe problems. japan economy key world economyJAPAN’S ECONOMY KEY TO GLOBAL ECONOMIC GROWTHFoley, US Ambassador of Japan, 1999 And just a word about a subject very dear to the heart of the United States, and that is the subject of the growth and development of the Japanese economy. I am occasionally distressed by reading reports that many people in Japan believe that somehow the United States wants a weak Japanese economy. In one poll, about 30 percent of the Japanese respondents indicated that they believed that the United States wanted a weak Japanese economy rather than a strong Japanese economy. The absolute opposite is true. And not just out of respect and admiration and friendship for our ally Japan, but because in the U.S. self-interest, a strong, robust, growing Japanese economy is what helps our economy and helps the world economy. We value very highly the measures that have been taken by the Japanese government in stimulating the economy, providing opportunities for the recapitalization of the banking system, and reduction of taxes, and other efforts to bring the Japanese economy back to a period of growth. We now hope that Japan will consider restructuring some of its business regulatory regime which prevent the private sector from carrying forward stimulus efforts and restoring the Japanese economy to even greater levels of productivity and growth. A2: Japan Econ Add-On (1/2)Non unique – Japanese economy is severely failing and a budget freeze is taking place on any new projects. Nakamichi, Takashi 6/15 “Japan to Pledge Budget Freeze” – The Wall Street Journal TOKYO—Japan's government will likely pledge to freeze annual policy spending for the next three years, a government official said Tuesday, in an early test of the new administration's efforts to curb big deficits. Prime Minister Naoto Kan's cabinet will likely include an expenditure cap for the three fiscal years from April 2011 in a midterm budgetary framework expected to be approved by the administration this week or next, the official said. Japenese economy not key to global – Japan slips in competitive ranking. Worsley, Ken 5/19/2010 0 Japan Economy News and Blogs “Japan Slips in Global Competitiveness Ranking” - http://www.japaneconomynews.com/2010/05/19/japan-slips-in-global-competitiveness-rankings/#more-973 For the first time in 17 years, the United States is no longer the most competitive economy in the world, according to IMD’s annual competitiveness survey. The US dropped to third place, as Singapore and Hong Kong surged ahead in the rankings. Japan watchers, however, must be dismayed by the nation’s drop in the rankings even as other Asian nations jumped ahead. While Taiwan moved up from 23 to 8, China went from 20 to 18 and South Korea jumped from 27 to 23, Japan fell ten places in the rankings, from 17 to 27. IMD cited Japan’s slow growth, anemic foreign investment, low birth rate, greying population, budget deficits and corporate taxes (the highest of the 58 nations surveyed) as weaknesses. Japan was also cited as being unfriendly to foreign corporations and workers. The report hinted that foreign companies might eventually decide to pass over Japan and concentrate business efforts in other Asian nations, though that is a trend we already have seen for several years. Turn, continued military deployment in Japan leads to cuts in U.S domestic policies and therefore hurts U.S economy – their own link evidence says this. And U.S economy key to global economy – Beams, Nick 5/30/2005 – world socialist website “World Economy becoming more dependent on U.S debt” - http://www.wsws.org/articles/2005/may2005/usec-m30.shtml - Nick Beams- economic analysist The increasing fragility of the world economy is underlined by the latest report from International Monetary Fund staff on the position of the United States. The report, which will be the subject of discussion before a final document is prepared, said there was “general agreement” that the outlook for the US in 2005 and 2006 was “favourable” with gross domestic product (GDP) expected to expand at around 3.5 percent over the next two years. Noting that the US had been the “main locomotive of global growth” in the recent period, the report said the US economy was again expected to outperform the other members of the Group of Seven major industrialised countries. Herein lie some of the major problems for the world economy as a whole because US growth is increasingly being supported by what the IMF report called “unprecedented borrowing” both from foreigners and domestically. Directory: files files -> Answer True False 2 points Question 2 files -> Integer programming and game theory files -> 4 Integer Programming files -> Bpa vehicle Window Repair Scenario #1 task: Procure vehicle window relacement. 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