ECONOMICA OF JAPAN

INTRODUCTION

As we know JAPAN is a very technified and well developed country in ASIA.The JAPAN is a only country where population is increasing negatively and one of the reason for this is the physical structure of it.
However Japenese have come over this problem through their dedications and the  technology they have with them.

Now coming to the point ,it is very astonishing to know that Japans population is actually declining where on the other hand populations of other nations are increasing. It has a population growth rate of  -0.2 % (2013 A.D) which means annually the population of Japan declines by  0.2546 million. This might sound good keeping all the environmental factors in mind, but is it actually good for such globally huge economy? In these past couple of years Japan’s economy has remained stagnant. We’ve heard all about Japan’s huge debt but we don’t know about the exact reason for such high national/government debt. Let’s look more closely.

Kicking off things with GDP, Japan has GDP of 4.92 trillion U.S Dollars (2013) with increasing rate of 1.6% annually which is a little slow compared to rising economies of the world like China with GDP increasing rate of 7.7% and Ethiopia with GDP increasing rate of 10.5% but it is still acceptable as long as it is inclining. Moving on towards the debt, Japan has a whopping national debt which is more than one QUADRALLION Yen equivalent to 10.46 Trillion US dollar (2013 A.D). Japan’s GDP is 47.03% of it’s total national debt which means Japan has a national debt which is 212.60% of it’s actual GDP.

So, before moving on to the reason behind huge gap keep between Japan’s GDP and National Debt these things in mind:

•             Bank of Japan has announced Negative Interest Rate Policy (NIRP) of -0.1%; meaning that Commercial banks will be charged 0.1% for any amount of deposits in the Central Bank.

•             Japan has Life Expectancy of 83.10 years.

•             Japan has Population growth Rate of negative 0.2% per annum.

•             Japan has Nation Debt/GDP ratio of 2.12.

•             Japan is a net importer meaning though it is a well developed industrialized country, it’s amount of total import exceeds total export. High ratio of total import is occupied by the moving factor oil.

According to ECI (Economy Complexity Index) Japan has the most complex economy standing at the 1st position out of 185 analyzed countries. In 2014 Japan exported $714 Billion dollar worth goods and services making it the 4th largest exporter in the world but it imported $754 Billion dollar worth goods and services, particularly oil again making it the 4th largest importer in the world resulting in a negative trade balance of $40 Billion.

Now there is another information for you about the top ten couintries having good economic condition:

 

ACCOUNTING

                      Brief Introduction Of Accounting

ACCOUNTING

Accounting a complex word that describes the overall performance of any company,institute and business.Normally it is maintained by firms and money dealers but nowadays it is applied in each and every organization including households to a small grocery shops and of course it is mandatory  for the large scale organizations.

We have heard people saying accounts are hard to keep because it needs a lot of hard calculations and hypothetical,complex formulas. But nowadays it is not that much complex how people had spreaded in the air.Nowadays we can do accounting problems with the help of many software available in the market.And the accounting steps have been easy and everyone can deal with it easily.The man who has completed his\her primary school can also handle the simple accounting tasks.So now accounting is not as much hard it used to be.

Now lets come to the importance of accounting to the world and in our daily life activities such as in the following ways:

1. HOMES
2. BUSINESS ORGANIZATIONS
3. EDUCATIONAL INSTITUTIONS
4. FIRMS
5. GOVERNMENT
6. TRADE
7. INDUSTRY........................... 

Some of the importance are as follows:

1. We can keep eye on our assets and finance easily however we are busy with other works.
2. We can know about the real position of the stocks and raw materials in the industry.
3. We can keep the records of the daily expenditures and incomes of our homes for the better planning of the family.
4. We can keep the records and it helps in the preparation of final accounts and other financial statements which are mandatory for every business organization and every institutions.
5. Accounting is a very key process of managing the different government works and work as per schedule.
6. With the help of accounting different organizations work by preparing and keeping some goals in an accounting period.
7. Accounting also helps in the control of frauds and errors in the finance of the company.