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It’s not been a good year for Japan. China has recently overtaken the Land of the Rising Sun as the world’s second biggest economic power and a recall of over ten million vehicles by one of the nation’s biggest and most respectable companies, Toyota, kicked off a global PR debacle that some analysts predict will take years to recover from.
Add to that Japan’s aging population, its growing national debt and heavy reliance on manufacturing, all of which are effectively killing what was once thought destined to be the world’s leading economic superpower. The departure of its fourth Prime Minister in three years and a nasty diplomatic row with China over the detention of a trawler captain by the Japanese Coast Guard is also hurting.
What’s worse is that Japan’s population is dwindling due to a low fertility rate of just 1.3 children per woman. It is expected that the population will drop from 127 million to just 90 million by 2055, with 40% of that number being over 65s.
As the nation enters its third decade of economic stagnation, university students worry whether they can find steady employment or support their families. A third of Japan’s workforce is temporary workers or “Freeters” that flit from one available job to another. Such workers are unable to qualify for unemployment benefits, and make up more than three-quarters of the nation’s jobless. In these dark times, it’s no wonder -and a sad fact- that more than 30,000 people a year have committed suicides since 1998.
Japan’s Prime Minister, Nato Kan, is aware of the burgeoning crisis. His solution is to open up the country; reducing trade barriers and tariffs and loosening regulations to make the country a more attractive proposition to outside investors. A free trade agreement with the U.S. and other nations, the Trans-Pacific Partnership, is also under consideration. Though it could lead to Japan’s economic revival and cheaper imports, it could also cause significant job losses and social dislocation of the rural classes.
Analysts are convinced that the nation needs to find new growth areas such as green energy, software engineering and health care to help prop up the failing economy. More so, however, Japan needs to change its national mindset. Perceived to be rooted in conformism and census, it is seen by some to be too insular and too slow to change and respond to crisis. Without change, Japan has little hope of a short term recovery.
Of course, this is just one opinion. As always, our readers are encouraged to voice theirs in the comments.
Nissan's luxury division, Infiniti, has began releasing prices for its UK-bound models that are set to arrive in dealerships in September. This time, the Japanese automaker confirmed pricing and specifications on its compact SUV model, the EX that is available in two trims, the EX37 and the EX37 GT with prices set at £35,200 and £36,500 OTR respectively.
Both EX models are equipped with a standard all-wheel drive system biased towards the rear wheels and a 320HP 3.7-liter V6 engine matted to seven-speed automatic transmission with Adaptive Shift Control that launches the compact SUV from standstill to 62mph (100km/h) in 6.4 seconds.
Standard features for both trim levels include scratch Shield paint, electric folding rear seats, 18 inch alloy wheels, front and rear parking sensors, Cruise Control, Bluetooth, adaptive Xenon headlamps plus LED rears, electrically adjustable front seats, iPod connection and rear privacy glass.
The EX37GT adds full leather upholstery, 10 -way power driver's seat with memory function, electrically adjustable steering column, heated front seats and a coat hanger integrated in the driver headrest.
Infiniti has confirmed pricing for its new luxury crossover, the FX, that will hit UK showrooms in September. The three-model FX line-up starts at £42,600 on the road for the FX37 GT and rises to £44,600 for the better equipped FX37 S while the range topping FX50 S starts from £53,800. The FX37 GT and S models are powered by the same 3.7-litre V6 with 320HP that claims 0-62mph (100km/h) in 6.8 seconds and a top speed of 145mph or 233km/h with an official combined fuel cycle figure of 23.4mpg UK.
The FX50 S is equipped with a 390HP 5.0-liter V8 and can accelerate from 0-62mph in 5.8 seconds while the top speed is limited to 155mph or 250km/h. It averages 21.7mpg UK on the combined fuel cycle.
All FX models come with standard leather upholstery, electrically adjustable, heated and ventilated front seats, a seven-speed automatic transmission with Adaptive Shift Control and gear shift paddles, Bi-Xenon adaptive cornering headlights, six airbags, ASC stability control, glass sunroof, cruise control and more.
2011 Infiniti G25 Sedan Wheels
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2011 Infiniti G25 Sedan Photos
2011 Infiniti G25 Sedan Car Cockpit
2011 Infiniti G25 Sedan Side Action View
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2011 Infiniti G25 Sedan Interior
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2011 Infiniti G25 Sedan Rear View
2011 Infiniti G25 Sedan Rear Light
2011 Infiniti G25 Sedan Trunk Area Place
2011 Infiniti G25 Sedan Backseat
2011 Infiniti G25 Sedan First Drive