Japan, one of the most technological countries in the world is now facing inflation. Since the country decided to shut down its nuclear plants, Japan is forced to import most of their resources. This increase in import has lead to increase in prices in food and electricity. Also the Japanese currency is also depreciating compared to the US dollar. Even though japan is experiencing this ordeal, businesses within japan and outside of japan can take this opportunity to grow.
Personally, I try to make the best of the situations that I am put in, and why shouldn’t businesses? Due to these situations, businesses outside of japan have the opportunity to import their materials to japan since they are in need of resources. This can then help a business grow and become more successful. On the other hand, businesses in japan can help produce substitutes so instead of japan importing their goods, they can source in locally and cut cost, and at the same time help the country grow. Therefore why continue looking at the down side, when there is clearly opportunity in any situation. When there’s a problem, even though there’s not always a solution, there is always an opportunity.
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Source: http://www.bbc.co.uk/news/business-24293999
