Tag Archive: finance

The European Union

Japan's economy is the world's second level of technological development after the United States. This contributed to the development of high-tech and minimal costs to defend the country. The Japanese economy is based on two features: The guarantee lifetime employment for most employees. Functioning system of cooperation of manufacturers, suppliers and distributors of products. Unfortunately, in recent decades, under the the influence of global processes, these specific features of the Japanese economy are no longer valid. During the 60-80's in Japan observed a pattern of sustained economic growth. Economic growth slowed in 1992 alone due to controversial domestic policy. From that moment, and began a gradual decline in the economy, although the Government has taken some measures to revitalize the industry.

In 2000, economic growth slowed down even more. The economic downturn has become a major problem for the Japanese economy for a long time. The reason for this are economic problems the United States and Asian countries, which are the main Japan's economic partners. In addition, there is also two significant obstacles to economic development in Japan: the overcrowding of the state and the aging of the nation. Richard Blumenthal insists that this is the case. As we can see that Japan's economy had not experienced sudden economic shocks in recent decades. But how it has influenced the global crisis? The crisis began in Japan long after he arrived in the U.S. and eu countries.

This allowed Japan to prepare in advance and prevent the deleterious effects of the crisis, at least some aspects of it. Country's banking system practically did not suffer, though, of course, part of Japanese banks was invested in U.S. mortgages. So way, the Japanese economy has not been collapsed, it just slowed down on the background of a general deterioration of conditions in the global market. It was a positive development to overcome the crisis. Before the beginning of the global crisis Japan experienced a critical level of inflation. Expected rise in interest rates, but everything changed after the crisis began. Inflation in Japan initially stopped and then started to decline. This is because conditions in the world market have deteriorated, and decreased demand for goods. If we consider the economic situation in Japan today, it must be said that the state's economy is in better shape than the U.S. or countries The European Union. This is explained by the fact that Japan has large gold reserves to help survive the global crisis with minimal losses for the state. The imf revised its forecast of economic growth in Japan downward to 0.5%. The imf expects that by the end of 2009 the economic slowdown will be less clear and will be approximately 0.2%. The biggest problem for Japan during the crisis remains the yen, which strengthened to Throughout the last time. This growth has led to a loss of competitiveness of most Japanese companies. The only way out of this situation for the country could be translated much of the production other States where there is a better rate.

Russian Federation

– is, in fact, the recognition of the failure of the economic model of President and his administration? ED: I think the Western countries have gone too far in its quest for energy security by any means and the actual loss is another area of influence in post-Soviet space – an obvious confirmation of this. Corr.: So sharp change of sentiment in the eu summit, despite assurances from Mrs. Ashton, still motivated by cost? ED: If you do not mind, I remind you the words Gilmara Enke, a representative of E. on Ruhrgas ag in Ukraine, who recently stated that, despite the clear advantages of energy supply with the Ukrainian gas transport system, there are many factors that adversely affect the prospects of Ukraine as a transit country Russian gas in this market. Mr Encke then added that if miss the chance and time in this situation, it could lead to irreparable consequences. Of course, first of all, he had in mind the consequences for Europe itself.

In view of the uncertain prospects for the modernization of Ukrainian pipelines, and in the absence of a productive dialogue between the European Union, Ukraine and Russia and the eu over the last year actively engaged in seeking alternative sources power supply in accordance with its own directive on security of energy supplies. It is reasonable to assume that one of the factors mentioned by Mr Encke, was the political instability in Ukraine, broadest sense, including the volatility in the agreements on the transit of strategic resources. Corr.: Frustrated Europe gave the nod to the change of power since lost hope of achieving the status quo in any other way? ED: Actually, the eu is much more concerned about the diversification of energy sources than the election results, even in such strategically important neighboring countries like Ukraine. Mrs. Ashton Law. The eu, in this case, no mixes economics with politics, simply because there is no policy – is the economy and responding to economic problems.

Threats, such as those encountered freezing Europe last winter, can dramatically change the vector of inter-state relations. Corr.: Does Ukraine's new president a chance to restore transit to the same extent? ED: This is a very complex question. You can try to get closer to its previous level when there is sufficient political will, both from Ukraine and from the Russian Federation. This year alone, Ukraine in terms of flow lost from 25 to 28 billion cubic meters of gas, the unfulfilled from Russia compared with the previous years. Potentially still a possibility is not something that restore and even increase the volume of transit through the modernization of the pipeline system up to 200 billion cubic meters, but this scenario seems unlikely any realistic. Readiness bypass projects, and particularly the Nord Stream, can not even hope that it will work on collapsed. As you know, February 12, Nord Stream was granted permission last of the five needed to start laying a gas pipeline under the Baltic Sea. Construction work will begin in April. Ukraine are waiting for hard times and revenue budget, of course, must be substantially in favor of diversified sources not related to the country of transit functions.

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