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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 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 ...
After 1950 Japan's economy recovered from the war damage and began to boom, with the fastest growth rates in the world. [24] Given a boost by the Korean War, in which it acted as a major supplier to the UN force, Japan's economy embarked on a prolonged period of extremely rapid growth, led by the manufacturing sectors. Japan emerged as a ...
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 ...
However, in early April, Japanese Prime Minister Shinzo Abe announced that he declared state of emergency, [143] citing gave the nation its worst economic crisis since the end of World War II. [141] Jun Saito of the Japan Center for Economic Research stated that the pandemic delivered the "final blow" to Japan's long fledging economy, which ...
The Dodge Line or Dodge Plan was a financial and monetary contraction policy drafted by American economist Joseph Dodge for Japan to gain economic independence and stamp out inflation after World War II. [1] It was announced on March 7, 1949.
Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to ...
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.