From today's point of view, this is obviously one of the major events in world history. But for the economists present during these historical events, what were the main issues in Japanese economic development, in which direction did they want to guide the Japanese economy, and how did they...
Since World War II, the currency has lost much of its pre-war value. In order to balance the Japanese economy, the yen exchange rate was set at 360 yen per 1 USD as part of theBretton Woods Agreement. When the scheme was scrapped in 1971, the value of JPY fell, and the currency w...
Japan’s economic growth after the World War II was miraculous. Hundreds of economic studies have been done to analyse the high performance of the economy. Recently, however, attention has turned to worrisome expectations for the future. Will Japan’s population decline put an end to the country...
When the U.S. occupied Japan and rewrote the Japanese constitution after World War II, it eliminated zaibatsu holding companies and the Japanese governmental policies that permitted them to operate. The rationale for their breakup centered on the monopolistic, undemocratic nature of zaibatsus.2The ho...
It is hard to disagree therefore with Huff's assertion that Japan would have got far more out of Southeast Asia as a bystander during the Second World War and the Occupation should not be seen as a watershed in the region's economic history. Drawing upon Burmese, Cambodian, French, Japanes...
Japanese economy from theMeiji perioduntil the end of World War II. Today, the relation-based way of doing business is reflected in the interlocking relationships among manufacturers, suppliers, and distributors, which is known as keiretsu (系列). Another feature of the Japanese economy is life...
The notion that the close inter-firm ties observed in Japan grew from the need to re-industrialise the country after the second world war is only partly correct. The development of industrial groups—keiretsu—was under way much earlier (the key zaibatsu were created between 1900 and 1920). ...
The remains of nearly half of 2.4 million Japanese war-dead overseas have yet to be found 72 years after the World War II ended. It's a pressing issue as the bereaved families reach old age and memories fade. Allied troops frequently took the flags from the bodies of their enemie...
Japan's economy shrinks as Trump's trade war hits exports and shakes confidence The government has reported that Japan's economy contracted at an annual rate of 0.7% in the first quarter, as U.S. President Donald Trump’s trade war hurt exports and dented consumer confidence Mar 6, 2025...
Defeat in World War II meant that plans for the new railroad were shelved until the mid-1950s, when the Japanese economy was recovering strongly and better communications between its main cities was becoming essential. Although much of the network serves the most populous regions of Honshu, the...