Japan’s role in the global economy

Depending on what we are, the answers may well vary, and they all make sense, but in my view, Japan can have positive roles on the global economy. Now let me explain some of them.     

First, Japan can greatly benefit the global economy by licensing their technology. It is because Japan is known for innovating and creating technologies that can improve efficiency, decrease costs, and increase productivity in various industries including manufacturing, transportation, and telecommunications. Plus, Japan owns many eco-friendly technologies that will be valuable to developing countries facing environmental challenges due to industrial growth. This can help curb climate change in the long run.     

For another example, Japan can promote peaceful development among superpowers such as the US and Asian countries. Currently, these countries are not necessarily on good terms with each other. However, Japan’s successful economy and diplomatic efforts with these countries could help bridge the gap and maximize global economic opportunities.           

Therefore, even though Japan’s economy is in decline, I conclude that it still holds an important role in the global economy. Thank you for your attention. [180 Words Type-R]