Technology Problem in Japan
Japanese Economy has been struggling against odds for the past fewdecades. The reason stated by researchers seems to be, primarily, certainstructural flaws in the economy. For example, the banking sector, insteadof dealing with 'bad loans' in an effective manner, offered loans tobankrupt companies to stay in business instead of encouraging new companieswith credit loans. In addition to this problem, deflation, which started inJapan in 1996 under the Hashimoto administration, is also a major cause forconcern. The 'liquidity trap' that Japan is forced to deal with wherein theJapanese indulge in excess savings, is proving to be a hurdle to advancedtechnological developments. The solutions offered by experts are that ofreforms in banking methods, fiscal reforms, and a controlled inflation.Competent administrators should be able to handle these reforms, aided bythe government with certain liberal policies. (The Current Japanese The Japanese attitude towards Technology is that of stiff competition,especially in that of new technological innovations. Science andtechnology, being inter related, seem to be growing at
However, by the 1990's, thereduction in the competitive spirit was noticed and now Japan seems to berelying more on the industry and in the National Innovative System. This specialized researchhas even produced a robot that would search for bananas, and a pheromonesensory insect (Tsukuba University). The result wasexplosive; both the satellite and the rocket veered off course and explodedwithin minutes after a widely publicized launch. Though there is no lack of self-confidence, there is still a lack of usingcounter measures to any sort of problem. The complaintwas that there was a cover up, as the Japanese would not admit openly thatthough they were hiring US software, they had no idea of what was beingdone or even of what was happening. The market for Internet start-upsboomed around the 1994, and 2,000 Internet start ups were launched. The lack of use ofcomputers is also because of certain characteristics of the Japanesesociety. But, in actuality, nothing was affected by this Bug. , put outstocks for sale, he was, actually, scoffed at. The market situation has been verydark for Internet start ups in Japan. The personhad been residing in Japan for one year and used all types of Japanesefood, inclusive of basahi, which is a raw horse and at another place somesort of sea cucumbers in a sauce. It was admitted by the Japanese that controls could be affected,as well as maintenance, though dates were not written on the necessaryitems. , on Jan 1, 2000, there was widespread fear in the USabout whether there would be a major disaster on their hands in Japan asJapan boasts of quite a few electrical, gas, and petroleum producingcompanies and many nuclear reactors, all of which could be affected by the2000 Bug.
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