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The global economic recession of the late 2000s significantly harmed the economy of Japan. The nation suffered a 0.7% loss in real GDP in 2008 followed by a severe 5.2% loss in 2009. In contrast, the data for world real GDP growth was a 3.1% hike in 2008 followed by a 0.7% loss in 2009. [129]
Overview. The Japanese economic miracle refers to Japan 's record period of economic growth between the end of World War II and the beginning of the 1990s. The economical miracle can be divided into four stages: the recovery (1946–1954), the high increase (1955–1972), the steady increase (1972–1992), and the low increase (1992–2017).
It became the second largest economy in the world in 1968 and remained so until 2010, [26] and on a nominal per capita basis, the most high-income among the G7 countries in the 1980s and 1990s. [44] In 1995, Japan’s share of the world’s nominal GDP was 17.8%, reaching approximately 71% of that of the United States. [26]
The government in Tokyo was well informed of its military weakness in the Pacific in regards to the American fleet. The foremost important factor in realigning their military policies was the need by Japan to seize British and Dutch oil wells. [65] Through the 1930s, Japan's military needed imported oil for airplanes and warships.
Saskia Sassen (born January 5, 1947) is a Dutch-American sociologist noted for her analyses of globalization and international human migration. She is a professor of sociology at Columbia University in New York City, and the London School of Economics. The term global city was coined and popularized by Sassen in her 1991 work, The Global City ...
Bombing of Tokyo. Tokyo burns under B-29 firebomb assault, 26 May 1945. The bombing of Tokyo (東京空襲, Tōkyō kūshū) was a series of air raids on Japan launched by the United States Army Air Forces during the Pacific War in 1944–1945. The raids that were conducted by the U.S. military on the night of 9–10 March 1945, codenamed ...
History of Tokyo. The history of Tokyo, Japan 's capital prefecture and largest city, starts with archeological remains in the area dating back around 5,000 years. Tokyo's oldest temple is possibly Sensō-ji in Asakusa, founded in 628. The city's original name, Edo, first appears in the 12th century.
Tokyo (/ ˈtoʊkioʊ /; [8] Japanese: 東京, Tōkyō, [toːkʲoː] ⓘ), officially the Tokyo Metropolis (東京都, Tōkyō-to), is the capital of Japan and one of the most populous cities in the world, with a population of over 14 million residents as of 2023 and the second-most-populated capital in the world. [9] The Greater Tokyo Area ...