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IB 403 02.02.09 - IB 403 02.02.09 Japan Review Budget...

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IB 403 02.02.09 Japan Review Budget Deficit: When Government Spending is more than Government Tax Collection, which can become a problem. G>T Stimulus Package is to get out of a RECESSION…not a deficit. A deficit actually increases. “Two Japans”: Heavy income inequality Another problem, Japan has a lot of our Treasury low interest securities which gives them low returns If they revalue their currency, their exports are going to hurt more Revaluation is a government action The Future of Japan is based on 3 models: Anglo-Saxon Model (High Risk- US) (Managers work to increase shareholder value). Mc Kinsey Report says it can be a Hybrid Model (Jap-Anglo Saxon: Retain the profit making aspect of Anglo but adapt it to the culture). Third model is a pessimistic model…? US GDP is a consumption driven economy, hence CA Deficit Japan GDP is a investment driven economy, hence CA Surplus Singapore: An Export Driven Economy Strategies:
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