THE IMPACT OF FINANCIAL CRISIS IN JAPAN

People are great influences on variety of forms of human mobility had been exerted when
economy faces such changes in Japan. For an example, regarding the business cycle, from
the latter half of the 1980s t the early 1990s , the economic boom led to an increase in
Japans ranking in the world and Japan became the significant destination of international
migration .On the other side, decreasing of land prices caused by recession started to
upgrade significant in-migration. The labour force shortage during the bubble-economy time
caused by a big entering of other country people, regarding the international migration of
Japan. In the recessionary time in the 1990s the influx did not stop which lead to increasing
of the foreigners. However, the bad impact of the economic crisis has been really serious. It
has showed a decreasing in amount of foreigners since 2009.
The impact of financial crisis in Japan in the side of global is the shift in the global structure.
Capital and consumer goods which is a large share of Japans exports such as cars and
electric machinery. Acceleration principle which is very likely the investment in plant and
equipment had faced a steep decline because of the global downturn. At the same time,
because of liquid constraints and decreasing expectations, households hold back purchases
of durable consumer goods. The shift of consumer demand from high-end items to
inexpensive goods as showed by the boost experienced by the firms. But the production of
high-end items is specialised by Japan like Fukao, so the disruption and shift in the global
demand shows have hurt Japans export very deeply.
Other than the side of global, there is also impact of financial crisis for the nation. A lag in the
timing of the recessions. Global recessions to Japan brought by the trade flow was relatively
late due to this lag with greater severity. Japans exports remained largely unchanged till the
fourth quarter of 2008.The bad effect on GDP was huge when they did drop. The negative
impact of external demand on GDP growth diminished from the first quarter of 2009
onwards. This can be said discretionary fiscal policy, when Japan faces unemployment or
inflationary problems. Discretionary fiscal policy refers to the change in government
expenditure and taxes in order to control unemployment or inflation.