FALL OF JAPANESE YEN

Japan's economy was devastated by World War II, destruction of their total industry revolution and economy. Even though Japan worked so hard and their innovative ideas lead their country to be one of the developed country in the world. Japan used their all innovative and different work culture that makes their country to develop very faster than any other countries. Japan is the only country to grow their GDP and currency value high in short time of period especially after World War Two. Due to their same work culture their GDP value goes behind the Germany. In this article we will know the reason for Fall of Japanese Yen.

FALL OF YEN

Japan used to have the third-largest economy in the world, but Germany has since surpassed Japan, moving Japan down to fourth place. There are a number of causes for this decline. Japan is currently experiencing an economic recession, which contributes to their decline. This essay will examine all the main factors and strategies Japan can use to strengthen its economy and weather the current downturn.

 

JAPAN WORK CULTURE

Japan is maintaining a weird and hectic work culture for long time since world war 2 happened. Comparing with USA , India , European countries Japan have very long working hours. This long working hours kills the employees innovative minds and increase the mental stress. Japan working professionals hold the highest suicide rate due to this hectic work stress.

JAPAN OWN COMPANIES

After World War II, Japan has maintained an odd and demanding work ethic for a very long period. Japan has very long working hours in comparison to the USA, India, and European countries. The employees' inventive ideas are killed by these extended workdays, and their mental stress levels rise. Professionals in Japan have the highest suicide rate because of their demanding work environments.

 

SENIORITY - KILLS INNOVATIVE 

In Japan, seniority is granted over experience when it comes to positions such as CEO or manager. Seniority and experience are very different from one another. Although the majority of elder guys seem to have good experience, this is untrue. Using Google as an example, we can see that Sundar Pichai was just in his 40s when he was appointed CEO, whereas Chew, the CEO of TIKTOK, is currently 40. Using the bright ideas and fearless choices of their youth, all businesses that have been bringing prosperity and prestige to their nation have expanded their operations globally. However, whether you have experience or not, or if you have knowledge, there is no room for that in Japan. If you work for a firm for a long period, you will eventually be appointed as a good manager or CEO. Japan adheres to the notion of loyalty, which is fundamental to the country's industrial sector. Every Mitshubi, Sony, and Panasonic has a CEO who is older than sixty. Due to this, Japanese laborers now believe that loyalty alone pays off. Therefore, the employees put in a lot of effort in order to gain the boss's favor.

GOVERNMENT LETHARGIC ACT

The economic downturn that Japan is currently experiencing is largely the result of the actions of the Japanese government. because the Japanese government began to support large corporations and to lend money to them even when such companies were losing money. Their goals are to maintain staff morale and prevent large corporations from collapsing. Japanese companies prefer to invest in new businesses rather than face the chance of losing significant companies. Therefore, even large corporations are still subsidizing their decline in the global market. Japan consistently pursues long-term objectives, which is a wise choice, even though they should maintain stability in their economy in the process.

CAN JAPAN TAKE BACK THEIR PLACE ?

Yes, Japan may regain its standing in the global economy by cutting back on work hours and giving younger people more opportunities to hold positions of leadership. Exporting as much as possible is a crucial and effective strategy to boost their economy. One of the keys to managing a nation's economic balance is exporting commodities. The government ought to begin supporting new businesses and push citizens to export as much as they can. More attention needs to be paid to small-scale industries than to large-scale ones. Japan can maintain its position in a few years if they expand exports and shift their funding away from large-scale businesses and toward small-scale industries.