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Study groups in Japan had predicted ultimate disaster in a war between Japan and the U.S., and the Japanese economy was already straining to keep up with the demands of the War with China. However, the U.S. had placed an oil embargo on Japan and Japan felt that the United States' demands of unconditional withdrawal from China and non-aggression ...
The Japanese economic miracle (Japanese: 高度経済成長, romanized: Kōdo keizai seichō) refers to a period of economic growth in the post-World War II Japan. It generally refers to the period from 1955, around which time the per capita gross national income of the country recovered to pre-war levels, [1] and to the onset of the global Oil Crisis in 1973.
Embracing Defeat: Japan in the Wake of World War II is a history book written by John W. Dower and published by W. W. Norton & Company in 1999. [1] The book covers the difficult social, economic, cultural and political situation of Japan in the aftermath of World War II and the nation's occupation by the Allies between August 1945 and April 1952, delving into topics such as the administration ...
Japan's total foreign trade was equivalent to Belgium, a country with less than 10% of Japan's population. In 1897, the local monetary unit, the yen , was valued on the gold standard at a base level of 24.5 British Pence , which permits the use in the figures of the pound sterling or gold-backed US dollars.
In Japanese history, the Jōmon period (縄文 時代, Jōmon jidai) is the time between c. 14,000 and 300 BCE, [1] [2] [3] during which Japan was inhabited by a diverse hunter-gatherer and early agriculturalist population united through a common Jōmon culture, which reached a considerable degree of sedentism and cultural complexity. [4]
The Tokugawa Japan during a long period of “closed country” autarky between the mid-seventeenth century and the 1850s had achieved a high level of urbanization; well-developed road networks; the channeling of river water flow with embankments and the extensive elaboration of irrigation ditches that supported and encouraged the refinement of rice cultivation based upon improving seed ...
Zaibatsu (財閥, lit. ' asset clique ') is a Japanese term referring to industrial and financial vertically integrated business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period to World War II.
After the end of World War II, Japan's economy was in a shambles, with production in 1945 at 10% of prewar levels. Its international economic relations were almost completely disrupted. Initially, imports were limited to essential food and raw materials, mostly financed by economic assistance from the United States.