The Economist's Digest 12

Japain
Originally from The Economist Feb.23~29, 2008

Summary:
Many people doubt that America will step into the terrible recession like the one of Japan in 1990. Japan hasn’t gone out of the shade of the recession, yet it should be a threat for it’s the second biggest economy.
Both Japan ’s and America ’s recession are dramatic, but the one in US seems smaller. Furthermore, the difference of two recessions depends on the reaction of the two governments. American government divides the big mess into small part, while Japanese government tried to hide it in the past.
People hoped Japan would help during the recession of America . However, even though it’s a strong economic power, it still has to retrieve strength from the past injuries.
On the other hand, Japan has its internal politic problems----two opposite parties control different parts of Japanese constitution. Moreover, there are many small groups voicing different opinions in the two parties. The voices include conservative ones and ones who want reform.
However, there would be a hope because the two parties want to cooperate in order to boost their economy, with the same goal to urge Japanese to vote for them. Another choice is general elections, which is estimated to lead to a chaos.

My opinion:
Oh! Japan , Ja”pain”, is in the same crisis of America , even of Taiwan . Since I’m in Taiwan , I knew it well that chaotic politics lead to the mess of economy, because our country is a good example. Compare these economic bodies: EU, America , Japan , China , and Taiwan ----they have different economic problems individually, but they all have to face the same world; the same international problem.
In the article, the author compared America to Japan ; then we may compare Japan to Taiwan . There’s a big difference that even the two parties in Japan are reluctant to work with each other, if the situation forces them, they will do it with their whole heart. As for Taiwan , well……On the other hand, Japan has its economy priority, while Taiwan still has its problem with China , a new strong economy. Even the internal politic situation is similar; the two countries will go different ways.