Japan 's Economic Success During The World War II

This paper is going to lay out the general arguments of “The Japanese Miracle” written by Chalmers Johnson in the book titled “MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975”. Japan’s economy had been severely devastated after the World War II, the country’s production did not match the prewar level until 1954. But a significant economic growth was achieved in the period between the 1960s to 1970s and consequently turned Japan to be a strong economy, only after the United States and the Soviet Union at the time. Such an economic success was regarded as a “miracle” to the world despite many of the Japanese held a cautionary attitude towards the success. Chalmers Johnson stressed that Japan’s economic miracle was not

The Economic Effect on Japan during Post World War II Japan’s economy was greatly affected by the atomic bombs dropped on both Hiroshima and Nagasaki. Japan’s economic recovery as a result of this incident transformed Japan’s economic growth which has become known as the “Economic Miracle.” The bombs caused Japan to reconstruct many more facilities in which the economy moved forward. The Economic Planning Agency, which used to be known as the Economic Stabilization Board, helped Japan to become one of the leading economic nations. The United States also contributed to much of Japan’s recovery by occuping it from 1945-1951.

Although Japan changed in many ways from 1853 to 1941, there were also many factors that remained the same throughout the history of Japan. One such continuity was the maintained existence of a figurehead ruler controlled by other political authorities. The feudalistic emperor of Japan was the supposed “highest, most powerful authority” in the land, but was actually controlled by the military leaders- the shogun. Similarly, the militaristic emperor of Japan decades later continued to remain a figurehead ruler controlled by military and government officials. In addition, Japan continued to remain reliant on exports in order to maintain its economy. As a result of Japan’s small geographical size, the island nation had few natural resources and was forced to rely on exports to survive economically. The nation also grew increasingly reliant on other nations to provide materials and supplies that it could not provide for itself. This complete reliance on other nations was seen illustrated when the Japanese military was provoked to attacking another superpower- the United States, in response to the 1940 United States embargo

This investigation is important in its historical context because Japan was facing the oil embargo from the US in 1941, which gave the huge domestic damages. Japan was also afraid of the strength of the US that it took a long time to determine to attack on Pearl Harbor. Therefore the leaders might have been considering the Allies at the first time, not its ally Germany.

The attack on Pearl Harbor was a result of several events associated with Japan’s mission to dominate Eastern Asia and the South Pacific. Before the 1930’s, Japan had one the world’s most prosperous economies due to the British economic slump in the 1920’s. The Japanese overtook the markets the British had previously dominated. This economic growth only lasted for ten years. In the early 1930’s, Japan suffered its largest economic downturn as a result of the World Great Depression. During this time, many countries stopped trading with Japan, leading to a 50% drop in their exported goods. The Japanese government believed if they moved away from a Western-style free market economy, they would recover from their economic crisis.

The economies of the U.S. and Japan are very integrated in terms of trade in goods and services. As stated in the article the article, “Japan-U.S. Relations: Issues for Congress,” of the Congressional Research Service, the U.S. is the world’s largest economy and Japan is the world’s third-largest economy. This status makes the U.S. and Japan valuable trading partners, considering the U.S. was Japan’s second-largest source of imports and their largest export partner as of 2014 (Chanlett-Avery, Manyin, et.al). One can see through examining past economic crises in Okinawa and the U.S. that such incidences impede healthy global relationships. In the article, “U.S.-Japan Economic Relations: Significance, Prospects, and Policy Options,” William H. Cooper, specialist in international Trade and Finance, explains ways in which two specific Japanese economic crises affected global relations. One financial crisis occurred in 2008, when the economies of the U.S. and Europe were declining, leading to a decline in global demand for Japanese exports. Another occurred in 2011, following the tsunami, earthquake, and a nuclear incident in northeast Japan. These exigencies lead to great deficits, specifically in U.S. and European trade (Cooper, 2014). As previously mentioned, Okinawa has been unable to develop a self-sufficient economy. These past economic crises show that when Japan is economically

The Tokugawa Shogunate era was a period of significant growth and change in Japanese society. There were two major catalysts that led to this development in Japan. Firstly, economic growth occurred due to a transformation within the agricultural sector. Merchant driven trade and market activity saw drastic changes in the work of the peasants. They moved from their agricultural land to the major cities. Trade increase led to the the creation of an effective and reliable transportation systems that allowed for Western and Eastern parts of Japan to trade. Improvements to the road systems and shipping networks were expanded under Tokugawa's rule. The influx of the population of Japanese in the city served as a major impetus for growth and change because the old notions of a static, agrarian-based economy were substituted for a well structured

In the 1900s, Japan faced a lot of economic obstacles. Due to its location on four moving tectonic plates, Japan experiences earthquakes more often than most other countries, Banks, at the time, struggled to keep economic activity stable after earthquakes and even attempted to regulate the flow by granting companies the ability to sell their products without having a drastic change in price. Following the discussion of earthquake bills and such, news was brought to the attention of the Japanese government that a bank in Tokyo had finally gone bankrupt. This sent many into a frenzy trying to get a hold of their money from banks, and in turn, many banks closed. However, this Japanese bank was indeed, not bankrupt, it was only struggling,

One way to build a better future is by forming a stable government. After Japan’s surrender from World War II in 1945, the allied forces helped rebuild Japan’s government. The emperor's status was downgraded to a figurehead and more power was placed in the hands of the parliamentary system. After the reconstruction of Japan, Japan became a major world power and one of the most successful countries. They also had the world’s second-largest economy by 1960, just 15 years after their surrender.

IN the 1940s the war raged on.Japan was on the axis side they decided to bob the U.S “December 1941: Japan bombs Pearl Harbor and the United States enters World War II.(www.npr.org)” that prompted the United Stated to start the Manhattan project.The atomic bomb was then invented, then used to threaten the japonease.They didnt take the Allys advic seariously “In late July, Japan’s militarist government rejected the Allied demand for surrender put forth in the Potsdam Declaration, which threatened the Japanese with “prompt and utter destruction” if they refused.(history.com)”.The Japanease then later got bombed, there were tremendious caualtys.THe 2 bombs that were droped were called “The Little Boy…the Fat man (history.com” thease bombs decimated

In 1945, Japan was devastated and lost a quarter of the national wealth after suffering a defect in the second world war. A majority of the commercial buildings and accommodation had been demolished, and massive machinery and equipment formerly used in production for the civil market were out of service to provide metal for military supplies (Miyazaki 1967). Despite the trash and ruins had left over in Japan, Japan was able to rebuilding its infrastructure and reconstruct their economy. It is revealed that the Japanese economy was on its way to recovery, which received a rapid development since the war, and the reconstruction of Japan had spent less than forty years to become the world’s second largest economy in the 1980s. This essay will explore the three factors account for the economic growth of post-war Japan: the financial assistance from the United States, the external environment, and the effective policy of Japanese government.

     Over the past fifty years Japan has seen significant changes in all aspects of its society and the way it interacts with the outside world. For example, despite suffering a defeat in World War II, Japan soon became one of Asia’s greatest economic powers. In Japan in Transformation, 1952 - 2000, Jeffrey Kingston focuses on various aspects of change in Japanese society and politics in the period after World War II. These include the effect of the US occupation, analysis of postwar politics, the economic boom, changes in demographics, the treatment of women, and foreign policy and security issues.

many countries gave them the chance to rebuild their cities and economies. No country took

On August 1945, Japan surrendered to the Allies after being atom-bombed twice by the United States. Japan lost a significant number of their population and lost around a quarter of the country’s wealth. Then Japan rose to become one of the most prosperous country in the world in only a few decades. How did Japan earn their “economic miracle”?

It is imperative to point out that the restoration in 1986 can be aptly described as the turning point of Japan’s economic development (Cameron and Neal, 2003 p.11). It is suffice