International Banking - the Japanese economy.

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Faculty of Business and Law

Assignment Authentication Declaration

Unit Code : MPE 707

Course Name : International Banking

Campus : Toorak

Unit Coordinator : Vijay Mohan

Assignment No. : 1

Due Date : 26th April, 2004

Name

Student Number

Barry Ackers

400088489

Chen Zhe

300488444

Andy Susanto Hendrawan

2000491433

Haibin Jiang

300300517

"We hereby declare that the material submitted in this assignment is our own work except where specifically acknowledged and referenced."

Date: 26th April 2004

Table of Contents

1 Introduction.................................................................. 3

2 Background................................................................... 3

3 Balance of Payments......................................................3

3.1 Current Account...........................................................4

3.2 Capital and Financial Account.......................................9

4 Foreign Exchange.......................................................... 14

5 Conclusion.....................................................................16

6 Bibliography & References.............................................17

1. Introduction

Over the past few years the Japanese economy has been under careful scrutiny with eminent economists lamenting a decade of economic stagflation in Japan. More recently, indications are that the Japanese economy is beginning to emerge from this economic quagmire.

2. Background

With a GDP of US$3,450 billion, Japan is the third largest economy in the world