A major current event that has happen in Japan?

I need some help trying to find

a BIG EVENT that has just happen in japan or effecting it

nothing like birthday or independence days, things like politics, economics and such.

7 Answers

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  • 1 decade ago
    Best Answer

    This even is not that current but it is effecting their economy now.

    After decades of "miracle" economic growth since World War II, Japan's economy abruptly faltered in 1990 and has stagnated since.

    After the September 1985 Plaza Accord, the yen's appreciation hit the export sector hard, reducing economic growth from 4.4 percent in 1985 to 2.9 percent in 1986 (EIU 2001).1 The government attempted to offset the stronger yen by drastically easing monetary policy between January 1986 and February 1987. During this period, the Bank of Japan (BOJ) cut the discount rate in half from 5 percent to 2.5 percent. Following the economic stimulus, asset prices in the real estate and stock markets inflated, creating one of the biggest financial bubbles in history. The government responded by tightening monetary policy, raising rates five times, to 6 percent in 1989 and 1990. After these increases, the market collapsed.

    The Nikkei stock market index fell more than 60 percent—from a high of 40,000 at the end of 1989 to under 15,000 by 1992. It rose somewhat during the mid-1990s on hopes that the economy would soon recover, but as the economic outlook continued to worsen, share prices again fell. The Nikkei fell below 12,000 by March 2001. Real estate prices also plummeted during the recession—by 80 percent from 1991 to 1998.

    Real GDP during the 1990s stagnated, rising only from 428,826 billion yen in 1990 to 469,480 billion yen by the end of 2000. Growth has been negative since 1998. The unemployment rate rose from 2.1 percent in 1991 to 4.7 percent at the end of 2000. Although the unemployment rate may seem low by international standards, the rise to 4.7 percent is significant in Japan, given the cultural and historical precedent of lifetime employment and given that it was never above 2.8 percent in the 1980s. The official unemployment rate is also biased downward because the Japanese government offers "employment adjustment subsidies" to companies that maintain employees as "window sitters".

    A:~)

  • 1 decade ago

    They are very worked up over the North Korean tests currently.

    Here is a highly unusual one for Japan as a result of the tests:

    http://www.bloomberg.com/apps/news?pid=20601101&si...

    Swine Flu is also a big concern over here at the moment. It started in Osaka/Nara and in the past few days has spread to Tokyo now.

    There is a lot of concern over the economy of course.

    However at the moment, North Korea is the big concern. You cant put on a news channel over here without seeing North Korea.

    Source(s): Stationed near Tokyo.
  • 1 decade ago

    Do news search. The export economy in Japan has fallen through the floor.

  • 4 years ago

    In Italy ; the release of Amanda Knox

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  • Anonymous
    1 decade ago

    as much as i love japan i can't help you there

  • Anonymous
    1 decade ago

    GODZIRRA ATTACK MOTHRA !!!!!

    BIG AMERICAN PARTY! LOTS OF FUN GOOD TIME FOR ALL I AM HAVING VERY GOOD TIME!!!

    ROBOT DANCING???!!!!

    WHO IS DRIVING????

    OMIGOD BEAR IS DRIVING HOW CAN THAT BE???!!!

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