Japan’s economy experienced a destructive recession in the end of last century. As a country could resuscitate its economy even after the horrible catastrophe of the Second World War, Japan should also be able to find a rapid way to make the recover this time. However, the progress was not so fluent. Actually, Japan’s economy are still in a disappointing circumstance nowadays. Though there are some signs and tendencies of reviving, Japan’s government still suffers tremendous pressures. So how to totally wake the sluggish economy up for Japan seems like a tough issue. Generally, relying on exports is a solution that people may suggest. Nevertheless, some experts have criticized that Japan is not able to recover its economy only by exports. Since there are more and more strong competitors, including China, Brazil, India, and Korea, for Japan’s exports. Seemingly, this claim is rational. Yet, with profound consideration, this criticize has some flaws. Actually, many Japan’s exporting goods are indispensable for the world.
Japan is famous of its delicate technologies. Many celebrated electronic products are coming from Japan, such as Toshiba, Panasonic, Canon, etc. These companies have expanded their business all over the world by their super precision for years. Even in China, which is a country having a poor relationship with Japan, almost every family has at least one Japanese electronic device. Moreover, the car brands like Toyota, Honda, and Nissan are extreme popular in China, US, and European countries. While talking about supercars, people might only have ideas of German or Italian brands, Japanese cars do have some competitive advantages cannot be replaced. Their durability and cheapness are the main reasons to explain why there are millions of loyal Japanese cars customers.
There is still another reason that experts consider Japan cannot rely on exports. US and most European countries all experienced essential crisis in the past several years. Even China presented weakness on its development of economy last year. It seems as if the economic situation is in a global recession period. This is definitely a bad news for Japan to expand exports. That inference is true. However, what need to be emphasized is the recession period is fading. US, China, and European countries all showed some efficient moves to amend the economy. In fact, Japan has already received some credits from that. “Exports rose 2.7% from the previous quarter, the biggest increase in four quarters, indicating that Mr. Abe’s weak-yen policy—the currency has fallen by around a third against the U.S. dollar since late 2012—is finally having the desired effect of significantly increasing exports. Exports to China, Japan’s second-largest export destination, in December totaled ¥1.27 trillion, the highest for a single month since December 2010. Exports to the U.S., its biggest market, totaled ¥1.4 trillion, the most since 2007”.
Furthermore, Japanese government also expressed the determinant to resurging their economy by adding fuel to exporting business. “IF YOUR first shots miss the target, keep firing. That seems to be the lesson in Japan, where the cabinet of Shinzo Abe, the prime minister, approved an emergency stimulus package worth ¥3.5 trillion ($29.1 billion) on December 27th to pep up the recession-hit economy. Yet what stood out was the diminished heft of the package. Nearly two years ago the first of three “arrows”, as the various parts of Mr Abe’s programme have been dubbed, was a fiscal boost of ¥10.3 trillion, followed by another spending package worth ¥5.5 trillion in April 2014. The other facets of “Abenomics” will now have to be exploited”. From that huge amount of capital injection, billions of dollars have been utilized to push Japanese exporting business forward. With high unsubstitutability and potent support from government, Japanese export’s spring will not be so far away.