Would payday loans help in Japan? The fiscal policy minister of Japan says that his country in the midst of its worst economic crisis since the end of World War II. But so is America and so are many countries around the world. Those that aren’t in the quicksand yet are teetering on the edge and are about to plunge in at any moment.

The second largest economy

So what’s so different about Japan? Japan’s economy is the world’s second largest, something I didn’t know and would never have guessed. In the wake of the U.S. economic upheaval, the Japanese economy is now collapsing. Exports are shrinking and local spending is grinding to a halt.

What’s happening in Japan?

Exports are plunging as overseas consumers buy fewer Japanese cars and electronics. Companies are closing down production lines and cutting investments. The direct result of all this is stalled spending as the people hold back on household buying and fight to keep their jobs.

Japan is worst-hit of all countries

An export driven economy, Japan is among the worst-hit of all countries in the global crisis, worse off even than the United States and Europe.

Watch them falling

Toyota and Sony, both Japanese icons, have fired workers, driving the unemployment rate to the sharpest increase in four decades. The chief economist for a research institute in Tokyo commented that Japan’s economic fundamentals were weak, but now it looks as though an already sick patient has caught influenza.

Where’s a shot of antibiotic?

What Japan has caught is not a dose of influenza that can be cured with shots of antibiotic, but a deadly plague for which there is no cure but decades and decades of patience and hard work.

Will a loan help?

Is there any way that we can help Japan with a loan? Can we send money to the stricken country and help it back onto its feet so that the likes of Toyota, Sony and the many other household names we know so well will remain in our stores and be available to us. How about Payday Loans? Perhaps a series of Payday Loans will provide the stimulation needed to get the financial bloodstream moving again.

Look what we’ll lose

A quick look around my house stunned me. Most of the gadgets and appliances in the house come from Japan starting with my wristwatch, a Casio and closely followed by my car, a Honda, my wife’s, a Subaru; the TV set – a Toshiba, both my cameras, Olympus and Fuji. I could be living in Japan at this rate. My life is certainly made more pleasant and easier with all this Japanese technology.

What’s even more amazing is that if you take an occasional look at the History Channel on the T.V. you are likely to see pictures of Nagasaki and Hiroshima at the end of World War II. One look at those scenes of destruction will convince you that Japan should have been incapable of manufacturing anything for at least a hundred years.

Did you know that:

• Lexus belongs to the global Toyota family
• Acura is a division of Honda
• Infiniti is the luxury car division of Nissan

Let’s save them

Let’s take the bit between our own teeth and save these dream-car manufacturers. Send then Payday Loans with no further questions.

No doubt Japan could use some quick loans to turn around its economy. However, with the global recession hitting everyone hard, the country may have nowhere to turn.

Rapid recession

Japan’s economy is shrinking fast. In fact, it is shrinking at the fastest rate in 35 years. Japan’s GDP fell at an astounding annual rate of 12.7 percent in the fourth quarter of 2008. It’s the worst slide Japan’s economy has seen since the oil shock in 1974.

Employees of such giants as Toyota Motor Corp. and Sony Corp. might want to consider quick loans, too. The companies have already made big cuts, but they project they will have to lay off more workers.

No more ordering out

The hardest hit to Japan’s economy has been a hefty decrease in exporting. The United States and European countries are experiencing their own recessions. As countries have decreased spending on imports, Japan’s export industry has taken a major hit.

“There is no question that this is the worst economic crisis since the end of World War II,” said Economy Minister Kaoru Yosano. “The outcome clearly shows that Japan’s export-dependent economy has been severely hit.”

Japan’s bailout

Japan is forming legislation similar to the economic stimulus package in the United States, which President Barack Obama is expected to sign into law tomorrow.

Japan’s economy is collapsing at about three times the speed that the U.S. economy is shrinking. But Japan’s rescue package costs a tiny fraction of the U.S.’s. Officials are urging lawmakers to approve a $52.2 billion “extra budget” that includes sending cash to taxpayers.

Still falling

Japan’s GDP has fallen for three straight quarters. Economists believe the country will definitely experience another quarter of recession. Chief Cabinet Secretary Takeo Kawamura called the economic downturn a once-in-a-century calamity.

With nowhere to go for quick loans, Japan is probably headed for several more months of recession.