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Japan participated in World War II from 1939 to 1945 as a member of the Axis. World War II and the Second Sino-Japanese War encapsulate a significant period in the history of the Empire of Japan, marked by significant military campaigns and geopolitical maneuvers across the Asia-Pacific region.
After World War II, the U.S. established a significant presence in Japan to slow the expansion of Soviet influence in the Pacific. The U.S. was also concerned with the growth of the economy of Japan because there was a risk that an unhappy and poor Japanese population would turn to communism and by doing so, ensure Soviet control over the ...
The Allied occupation ended on 28 April 1952, when the terms of the Treaty of San Francisco went into effect. By the terms of the treaty, Japan regained its sovereignty, but lost many of its possessions from before World War II, including Korea (by 1948, divided into the Republic of Korea (South Korea) and the Democratic People's Republic of Korea (North Korea), Taiwan (the Kuomintang led by ...
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.
On September 2, 1945, Japan surrendered to the Allied powers, bringing an end to World War II in Asia, and leading to the U.S.-led Allied Occupation of Japan.In the initial phases, the Occupation focused on liberalizing and democratizing Japanese society to ensure that Japan would never again be a threat to world peace. [2]
Throughout the post–World War II period, Japan concentrated on economic growth. It accommodated itself flexibly to the regional and global policies of the United States while avoiding major initiatives of its own; adhered to pacifist principles embodied in the 1947 constitution , referred to as the "peace constitution"; and generally took a ...
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Mechanisms used by the Japanese government to affect the economy typically relate to trade, labor markets, competition, and tax incentives. They include a broad range of trade protection measures, subsidies, de jure and de facto exemptions from antitrust statutes, labor market adjustments, and industry-specific assistance to enhance the use of ...