JAPAN’S BOOM/BUST ECONOMY

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Term Paper Title	JAPAN’S BOOM/BUST ECONOMY
# of Words	2651
# of Pages (250 words per page double spaced)	10.6

JAPAN’S BOOM/BUST ECONOMY

INTRODUCTION

     Today, Japan is faced with many economic challenges.  Japan's economic woes ultimately lie with their population and land problems, import and export ratio, failing financial industry, falling stock market prices, and issues within their government.  In fact, many of these challenging problems can be considered a chain reaction, an overflow from one area of their economy to the next.
     To fully understand their current economic condition, it is important to briefly review the size and location of Japan and the chain of events leading to their present day circumstances.  Japan consists of a chain of islands, located off the coast of China.  Compared to the United States their land area is considerably small, slightly smaller than California.  Before World War II, approximately a dozen wealthy families controlled most of the Japanese economy.  These families controlled most of the coal, steam engine, pulp and aluminum industries.  With the tight family control, Japan's early economy could have been classified as a monopolistic power.  Because of this monopolistic power, the majority of Japan was poverty-stricken with only those few wealthy families.
     However, in the mid 1940's the family ownership of these immense trusts dissolved.  As the business entities remained intact, they began to gain greater economic power by expanding into shipping, banking and other industries.  As years past and growth continued, Japan experienced an economic boom.  They began to see real estate skyrocket and the Tokyo stock exchange soar.  By the 1980's, Japan found themselves with one of the largest world economies, holding second to the United States.  However, economic busts follow many economic booms.  As the 1990's approached, Japan began to feel their growing pains and entered into a recession.  The Japanese started to experience a considerable drop in real estate and stock market prices.
OVERPOPULATED
     A major problem for Japan is the over population of the country.  According to the 1997 World Population Data Sheet, the current population for Japan is 126.1 million people.  Remember that Japan is only slightly smaller than California and the land consists of rugged, high mountains, deep valleys, and many small plains.  This kind of terrain allows for only18 percent of the island to be habitable.  As a result, the majority of Japan's population lives in urban areas.  The concentration of urbanized living adds to the high demand for...

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