Japan’s economic continues to go downward ever since the earthquake back in March. Even before the earthquake, Japan’s economic was not great. Japan was a large market as exporter for food and energy; however, yen is very high right now that all the importers from other countries are importing less from Japan. For example, China was the largest market for Japan, but in May, exporting rate to China dropped by 7.7 percent.
I believe that Japan’s economic is not doing very successful because of their technology is advancing so quickly that human being can not keep up with all the advancement; therefore, they have many workers who can not manipulate new computer software, machine, etc. so they end up getting laid off and get replaced by people who can manipulate all the new technology. Not only the people who’s more knowledgeable, but all the workers who used to work in factories are now getting laid off because all the goods are produced by machine instead of handmade. In addition, Japan are having lots of factories outside of Japan such as China. I think hiring more Japanese citizens will be the first step to improve their economic.
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