首页
登录
职称英语
As one of the developed countries in Asia, Japan has been sought hegemony in
As one of the developed countries in Asia, Japan has been sought hegemony in
游客
2023-12-19
10
管理
问题
As one of the developed countries in Asia, Japan has been sought hegemony in Asia because of its strong power in economy. How about its present economic situation? Today let’s talk about this question. Once a symbol of enormous economic growth, Japan has plunged into a deep recession with the burst of its bubble economy beginning in the early 1990’s. This is, without a doubt, the worst economic crisis facing this country since the end of World War II. One wonders if Japan can see its way through the storm and overcome these latest doldrums.
In the 1980’ s, real estate prices soared to super inflated levels, and investors sank their money into the booming stock market. There seemed to be no end in sight for the land of’ the rising sun. Everything was rising, and the government, financial institutions, and individuals paid little heed to the warning signs of an imminent crash. Then, the bubble burst, and land and stock prices plunged.
What is the result of the crash? Many companies have faltered due to poor sales and bad debt, and have closed their doers. The domino effect on many financial institutions is that they must bear an enormous number of unrecoverable loads, which have resulted when companies, depending on profits from land in- vestments to repay loans, have found themselves insolvent. Furthermore, many individual depositors, fearing a collapse of more banks and securities companies, have withdrawn their money in droves.
Attempts by the government to revitalize the sluggish and contracting economy have proven fruitless. Pump -priming measures including tax cuts and public works spending have done little to put the economy on tract again. What’s more, the government’s decision to increase the consumption tax from 3 to 5 per- cent in 1997 has had a devastating impact on consumer spending. As for the business sector, companies have tried various measures to streamline management, but other ill effects of such policies, including rising uuemployment among older workers, have surfaced and have dealt a huge blow to the recovery process.
Japan’ s faltering economy has had an impact on other Asian countries, and some fear that the whole region will be drawn into depression. What will stem the tide of further economic collapse? For one, Japan must stabilize its financial system and take immediate and effective measures to deal with non-performing loans. Revealing the severity of the problem to the public and foreign governments is an essential first step. A more vital solution might be to institute a permanent tax cut to stimulate consumer spending and confidence in the government’s handling of the situation. Ultimately, this will encourage domestic demand for goods and services and will be the driving force behind much of the recovery. That’ s the bottom line. Of course, many more factors including deregulation will play a vital role in expediting economic stabilization and growth.
Whatever the case, action must be carried out swiftly and decisively. A passive and reticent approach to reform and change is what has hampered any improvement so far. Other nations have encouraged Japan to step up the pace of implementing change, but Japan must make the first step... or else we might be witnessing the setting of this great rising sun. [br] Japan’ s current economic crisis is the worst since ______.
选项
A、World War I
B、World War II
C、the Gulf War
D、the Korean War
答案
B
解析
从"This is without a doubt,the worst economic crisis facing this country since the end of World War Ⅱ”即可直接得出结论:日本目前的经济危机是自二战以来最严重的—次危机。因此答案为B。而其余三个选项在文中均未提到。
转载请注明原文地址:https://tihaiku.com/zcyy/3286210.html
相关试题推荐
SocialpsychologydevelopedintheUSA[br]Whobelievedthatmancaninfluence
【B1】[br]【B3】foresees→foresaw本题所在处句子介绍发明打印机的背景,与下一句中的hedevelopedhispress都是发生
Ifwewanttoavoidthedisasterscenario,peopleindevelopedcountrieswil
AccordingtoLandes,somecountriesaresopoormainlybecause[br]Whichofthe
AccordingtoLandes,themainmasonthatsomecountriesaresopooristhat____
AccordingtoLandes,themainmasonthatsomecountriesaresopooristhat____
Sub-SaharanAfricancountries______.[br]Fromthefactualdatainthepassage,
Sub-SaharanAfricancountries______.[br]ThepopulationgrowthrateintheUS
OppositiontotheVietnamWarintheUnitedStatesdevelopedimmediatelyafte
OppositiontotheVietnamWarintheUnitedStatesdevelopedimmediatelyafte
随机试题
Itwasnotmuchfuntotravelononeoftheoldsailingships.Lifewashard
[originaltext]Let’ssayyouhearpeoplechewinggumorclickingpens.Just
治疗外感表虚有汗,最宜选用的药物为A.桂枝 B.紫苏 C.防风 D.麻黄
只考虑价格因素影响,某货物A的铁路运输需求函数为Q=60-4P。
关于工业管道与其他专业的界线划分,正确的有()。A.给水应以入口水表碰头处为
对于建设单位、监理单位、总包单位等单位的沟通协调,沟通方法应以()为主。A、定期
下列哪项不是臀位的临床表现A.宫缩乏力 B.后出胎头困难 C.脐带脱垂 D
中国特色社会主义进入新时代,人民群众的新期待内容更广泛。不仅关注“有没有”,更关
假如目前同期储蓄存款利率为3.5%,那么保证收益理财计划可以向投资者承诺年收益率
某厂在下一年拟生产某种产品,需要确定产品批量。根据预测估计,这种产品市场状况的概
最新回复
(
0
)