Japan's Nature and Culture

Most of Japan's population is Nipponese (99.4 part), with the rest of the population being largely comprised of Koreans. Most Nipponese observe both Shinto and Buddhistic rites, so the per centumages increase up to more than 100 per centum: Shinto 95.8 part, Buddhist 76.3 percent, Christian 1.4 percent, and others 12 percent. Its national language is Japanese and it has a literacy rate of 99 percent for those over the age of 15. It has a labor force of 63,330,000, with trade and inspection and repairs comprising 54 percent; manufacturing, mining, and construction 33 percent; agriculture, forestry, and fishing seven percent; and government three percent. Organized labor involves about 29 percent of employed workers; 76.4 percent of public service workers; 57.9 percent of transportation and telecommunications; 48.7 percent of mining workers; 33.7 percent of manufacturing workers; 18.2 percent of service workers; and 9.3 percent of wholesale, retail, and restaurant workers.

Japan, with its capital in Tokyo, has a thoroughgoing monarchy for its government. Its constitution was adopted in 1947 and the country is divided up into 47 prefectures. It has a civil law system with English-American influence. The Emperor, extremum minister, and cabinet make up its exe chop of 5 furcate. The legislative branch is a bicameral Diet which consists of an upper house or household of Councillors and a lower house or House of Representatives.

Krieger, Andrew J. "Japanese Paradox." Forbes, 6 declination 1993, 277.

The third option, resisted vehemently by the Finance Ministry, is a crowing tax cut, similar to the one President Reagan once proposed. at that place had been a few financial packages proposed in 1992 but they did not reverse this problem. The ministry cites the deficit-ridden U.S. providence as an example of addiction to promiscuous public finance beyond cure. However, now the ministry is considering an emergency fiscal program providing for tax cuts in 1994. There would also be new taxes imposed after 1994. In line with the ministry's pressure on revenues, consumption taxes will double by 1995 to convalesce the money lost by the tax cut.

However, economists are incredulous whether short-lived solutions will do much for the economy. Reagan's tax cut gave the United States a decade of sustained, although artificial, growth, but Japan's tax cuts may not even yield an extra two percent growth--which is too little to restore balance sheets and confidence.

"Asia's Arms Race." Economist, 20 February 1993, 19-20, 22.

Sutter, Robert G. "Relations With Russia." In Japan, A Country Study, Area handbook Series, Ronald E. Dolan and Robert L. Worden, eds. Washington, D.C.: U.S. Printing Office, 1992, 400-406.

Since its defeat in World War II, Japan's economy grew, making it a world power. Currently, however, not even its electrostatic economy is able to withstand today's recessionary measures. After some(prenominal) years of increasing strain, Japan's economy is facing disaster. For the first time its output has dropped two quarters in a row, so far businesses inventories are at an all time high. Confidence has never been lower, banks are bankrupt, companies are breaking lifetime job commitments, and deflation is chthonic way. The International Monetary Fund estimated that Japan's gross domestic crossway would fall short of projections for the 1993 fiscal year by five percent.

Recently, Yeltsin paid an official visit to J
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