Lesson 48 Trends and Future Outlook of the Japanese Economy
Topic Question: Can you discuss the trends and future outlook of the Japanese economy and its impact on businesses?
No. 1: Introduction– First, try answering the question yourself.
The instructor will provide advice on vocabulary, grammar, and expression corrections.
Sample Answer – Let’s read aloud. Instructor will check your pronunciation and accent.
The Japanese economy, the third-largest in the world, has shown resilience and adaptability over the years. It faces several trends and challenges, including an aging population, technological innovation, and globalization. The aging demographic has led to a shrinking workforce and increased social welfare costs, impacting economic growth and labor markets. However, Japan has also embraced technological advancement and innovation, positioning itself as a leader in industries such as robotics, automotive, and clean energy. The country’s approach to globalization has seen a balance between maintaining its cultural identity and adapting to global economic trends. Looking forward, the Japanese economy is likely to focus on leveraging technology to address demographic challenges, expanding its global market presence, and fostering sustainable practices to ensure long-term economic health. These factors will significantly impact how businesses operate, requiring adaptability, innovation, and strategic international collaboration.
No. 2: Vocabulary Building－ 5 Words to Learn and Their Meanings
Pronounce the Words Correctly (Pronunciation Training) + Make Sentences Using the Words Instantly
- Resilience (回復力, kaifukuryoku): The capacity to recover quickly from difficulties.
“The resilience of the Japanese economy is evident in its ability to bounce back from recessions and natural disasters.”
- Aging population (高齢化社会, kōreikashakai): A demographic trend where the proportion of people aged 65 and over increases.
“Japan’s aging population poses challenges for the workforce and healthcare system.”
- Technological innovation (技術革新, gijutsu kakushin): The introduction of new technologies or methods that improve products, services, or processes.
“Technological innovation drives Japan’s leadership in several key industries.”
- Globalization (グローバル化, gurōbaruka): The process by which businesses or other organizations develop international influence or start operating on an international scale.
“Japanese businesses are adapting to globalization by expanding overseas and embracing international partnerships.”
- Sustainable practices (持続可能な実践, jizokukanōna jissen): Methods or techniques that do not completely use up or destroy natural resources.
“The future of the Japanese economy may rely on adopting more sustainable practices to ensure long-term prosperity.”
No. 3: Key Idiom and Example Sentences
“At the crossroads” – This phrase signifies a critical point where a major decision or choice must be made, often leading to significant change.
“The Japanese economy stands at the crossroads, facing decisions that will define its future trajectory and impact on global businesses.”
“As it addresses demographic and technological challenges, Japan is at the crossroads, choosing paths that will ensure sustainable growth.”
No. 4: Discussion and Exchange of Opinions on the Sample Answer
Instructor: Considering Japan’s economic trends, what strategies should Japanese businesses adopt to thrive in the future? How can they balance tradition with innovation?
Student: [Opinions of students]
No. 5: Free Discussion on the Topic
Let’s delve into the potential global impacts of the trends in the Japanese economy. How might Japan’s economic strategies influence international markets and global economic policies? Discuss the role of Japanese businesses in leading technological innovation and sustainability efforts on the world stage. Additionally, consider the impact of Japan’s aging population on global labor markets and economic models. How can other countries learn from Japan’s approach to demographic challenges and technological advancement? Share your thoughts on how global businesses can collaborate with Japanese companies to foster innovation and sustainable development.
