why are they important to study? Japan’s Economy – Mini Discussion Japan Industrializes – book reading Class Discussion and Debrief Japan’s Future Reading discussion Recovering from the 2011 Disaster
I can learn about Japan’s economy to
understand how it has influenced the development of East Asia. Today’s Essential Question:
What problems does Japan face today and
what are its opportunities?
In order to begin answering this question, we
must trace back Japan’s economic history What is an economy? - Review
“The wealth and resources of a country or region,
especially in terms of the production and consumption of goods and services.” “Careful management of available resources” Economics is the study of how people make the decisions in the world where the wants are unlimited but resources are limited. What does it mean to have unlimited wants? Supply and Demand – Review Japan’s Economy Fast Facts Highly-developed market-oriented economy An economy that’s guided by supply and demand Third-largest economy in the world according to GDP GDP measures the amount of economic activity in a county Third-largest auto manufacturing country Japan faces considerable challenges due to its declining population Began to decline in 2011 Japan’s population is becoming “older” (what does this mean?) How is this different from China’s population? Major Companies in Japan! Did you know?? How did Japan build a modern economy?
Read pages (?????????) in your textbook
Take ANY style of notes you want in your INB You WILL be tested on this material, so make sure you take enough notes to summarize the main ideas! Make sure you’re able to discuss this after about 15 minutes of individual reading time! Class Discussion Questions
Why is industrialization important?
How did the Meiji government work to industrialize Japan? How successful was Japan’s industrialization? How can you tell? What would have happened if Japan didn’t industrialize? Japan’s Economic Future - Reading
Read pages (?????????) in your textbook
Take ANY style of notes you want in your INB You WILL be tested on this material, so make sure you take enough notes to summarize the main ideas! Make sure you’re able to discuss this after about 15 minutes of individual reading time! Japan’s Economic Future – Discussion Questions
What was the Lost Decade?
How has Japan declined? What are Japan’s future challenges? How do natural disasters hurt an economy? Pictures/Facts About the 2011 Disaster
On Friday, March 11, 2011 a 9.0 magnitude earthquake hit
Japan. This was the most powerful earthquake recorded in Japan’s history. The earthquake triggered a tsunami with heights up to 133 ft. The tsunami killed over 10,000 people. The destruction has caused Japan millions of dollars. Japan is still recovering from the disaster. Tsunami Info and Video
https://www.youtube.com/watch?v=oWzdgBNfhQU Disaster Pictures How do you think this effected Japan’s economy?