State Business Relations During The Postwar Period

Beginning from the last years of World War II and then following Japan’s defeat to the allied forces, the Japanese had to endure arguably its most painful few years to date. The majority of Japan’s cities had all been completely destroyed during the war, especially in Hiroshima and Nagasaki, where the first atomic bombs were dropped. As a result, the majority of Japanese population had to not only survive the extremes of the seasons in make-shift shelters, but also endure starvation due to the lack of food and water available. However, thanks to the American occupation of Japan following the end of the war, Japan was finally able to recover. The year 1950 turned out to be the beginning of an extended period of Japanese economic and social prosperity. Starting from 1950 to 1990, Japan had experienced unrivalled miraculous economic growth and success in comparison to the majority of other developed countries. For this reason, the Japanese economic success during this period is known by many as the “economic miracle”. There are multiple reasons behind this so called “miracle”, and this essay explores some of these causes. In particular focusing on the major factors which include; the American occupation of Japan, the Korean and Vietnam War as well as social and economic reasons.

Japan as a nation is confronted by serious uneasiness about its future. The huge abuse of power through authoritative cronyism, corruption and effort of undue impact on the general population by the administration and organization has raised open concern and the people are uneasy about the country 's future. The suitability of Japanese conventional society and religion in a contemporary world and sorry condition of Japanese 's more youthful populace 's social and financial status are

The Greater Japanese Empire was one of the fastest growing and most dominant world powers of the late 1800’s and early 1900’s. After being created as a result of the Meiji Restoration of 1868, the Empire of Japan grew quite well and prospered until it was dissolved in 1947. Although Japan experienced a long period of economic strife, massive destruction and a switch from a military to a consumer based economy, after World War II, the country emerged stronger than ever and became a serious player on the world economic stage. While scholars have debated World War II’s impact on Japan’s economy, ultimately WWII allowed Japan to emerge with adaptive and innovative manufacturing capabilities.

Side note: The structure of this paper will be introduction, structure of state organs, economy and work system, refuting common arguments, and a conclusion.

Was the strategy that was changed to industry thought out for the nation’s economy? Why were the open system and the various policies for their investment and finance found under any ‘great cause’? Furthermore, how did Yokoi’s alternative policy thought, which varied between ‘belief’ and ‘an increase in profits’, develop ‘the opening up of Japan’ from’ the public way of the world’, acknowledging the reciprocal interests of

According to the Case Study by Drogus and Orvis, Japan was the first non-western society to industrialize successfully and create a fully modern and wealthy economy. The Meiji Restoration of 1867 brought power to a fundamentally new states led by the militaristic samurai, who were determined to modernize the country after the humiliation of the countries forced opening to Western trade. The Meiji government focused on creating a strong and prosperous state, defined by its central slogan, “Rich nation, strong military”. Once the government started an industry, it often sold it to private investors at bargain prices and actively encouraged industrial mergers to create larger and more competitive firms. At the heart of a very concentrated business class was the Zaibatsu, a three family-dominated industrial conglomerates that controlled key areas of the economy and had close relations with the government. After World War II, Japan created the Iron Triangle that centered around Politicians, Bureaucrats, and the Keiretsu. The Keiretsu was a complex network of firms that were owned separately but worked closely together. At the center of most Keiretsu’s was a major bank, which lent money on favorable terms to its Keiretsu members and typically sent representatives to work in the firms to which it had lent money to ensure that its loans were being used wisely. The system encouraged

Japan is considered at this moment one of the most important countries in the world in terms of political power and the third largest national economy after the United States and China as per the 2011 figures. The development of the Japanese economy to reach such a status happened in time and especially after the Restoration of the Meji Dynasty in 1868. Since then, Japan was in constant contact with the western world especially with the United States.

I suggest the statement that the Cold War was the most important factor that led to the economic recovery and development in Japan during 1945 and 1980 be invalid. While the world community ushered in an era of economic reconstruction, and where possible, resurgence, in the wake of the devastating World War II, Japan prepared herself for the accomplishment of vigorous economy recovery. I argue that many internal and external factors helped lead to her economic recovery and development, amongst them are political stability, government policies, national spirit, traditional

Following the post-war era, Keiretsus, known as the large Japanese enterprises, are the predominant powers in the Japanese economy with the distinguished features of Japanese organization and business systems. Keiretsu refers to a group of firms that consist of interlinked board of directors with shareholders who share similar business intentions (The Economist, 2009). Keiretsus are controlled by a body of professionals; a stark departure from its previously family-controlled ownership style known as Zaibatsus. Keiretsus are huge organizations with powerful positions in the present Japanese economy and are able to easily fend off international competition. It can be analyzed that the key features of Keiretsus are: financial independence, closely interlinked relationships, and a widely established network around the

The Meiji Restoration created many changes in the modern Japan. As Allen points out (2011 p.27). It is also worth noting that for economic growth and development to take place, good reforms must be undertaken. Additionally, it is important for governments to ensure that there is a complete re-orientation in all spheres of life if meaningful change is to be achieved. This paper looks critically at the contributions of the Meiji Restoration to the economic development of Japan and also appreciates the role of government in promoting economic growth and development.

economic force change is needed to get the economy running at the levels it once

The purpose of this research is to evaluate the effectiveness of a set of the recent Japanese government policies. Before China overtaking the second largest economy in the world in 2011, Japan has kept the position for several decades. However, after the housing bubbles burst in 1990s, Japan had economically struggled where it can no longer grow at such a substantial rate as previously. In fact, its economy had shrunk when other neigbouring economies, such as Taiwan and South Korea, had prospered. So Abe Shinzo was elected as the prime minister of Japan and he has tried to revive the economy under Abenomics; yet, its impacts on the real economy seem ineffective until recently. This is why I think it will be interesting to evaluate whether Abenomics was the best option for Japanese government for reviving the economy from the prolonged recession.

After the World War Two, Japan embarked on a journey of reviving its economy. The fast industralisation process is nothing short of spectacular. Japan’s basic infrastructure was basically destroyed in the war and she grew from a war-torn state to a world leading economy in a few decades. This requires good company and government governance, in order to achieve this result. Japan is also a major technology and export hub in Asia and she is currently the world third largest economy by Gross Domestic Product. (World Bank, 2014). Prior to the economic reform of Deng Xiao Peng, the Chinese government has total control of all the State Owned Enterprises (SOEs) under the communist system. It is a very highly centralized system that

After World War II, Japan had a strong economic growth in which their economy experienced a period of rapid growth as Japan implemented various political and economic reform measures. After 1958, the government began to guide the organisations’ production focus on automobiles,

The Japanese Enterprise System however, differs from Chandler’s large-scale managerial enterprise several ways. To begin with, many of the Japanese businesses were much smaller than Western businesses, due mainly to the fact that the domestic market was not very large (Fruin, 1992) and so could not support mass production through mass consumption.