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Despite popular perception, during the 1930s Japan was exporting low-cost items successfully. [2] However, between the years of 1929 and 1938 foreign commerce dropped from 3.7% to 3.5%. Japan ran a trade deficit, selling a total of US$12.85 and buying US$15.25 per capita. This was in part brought on by the purchase of wartime materials.
The Ministry of International Trade and Industry (通商産業省, Tsūshō-sangyō-shō, MITI) was a ministry of the Government of Japan from 1949 to 2001. The MITI was one of the most powerful government agencies in Japan and, at the height of its influence, effectively ran much of Japanese industrial policy, funding research and directing investment.
Japan's exports to Latin America also declined, from 6.9 percent in 1980 to 3.6 percent in 1990. [1] Despite this relative decline in trade, Japan's direct investment in the region continued to grow quickly, reaching US$31.6 billion in 1988, or 16.9 percent of Japan's total foreign direct investment.
After the opening of Japan in the mid-1800s, trade between Japan and the outside world was initially dominated by foreign merchants and traders from Western countries. As Japan modernized, a number of existing family-run conglomerates known as zaibatsu (most notably Mitsubishi and Mitsui) developed captive trading companies to coordinate production, transportation and financing between the ...
The surplus reached a record US$18.2 billion in 1978, promoting considerable tension between the United States and Japan. In 1979 petroleum prices jumped again, and Japan's trade balance again turned to deficit, reaching US$10.7 billion in 1980. Once again, rapid export growth and stagnant imports returned Japan quickly to surplus by 1981.
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Wako Co., Ltd. (株式会社和光, Kabushiki-gaisha Wakō) is a department store retailer in Japan, whose best known store (commonly known as the Ginza Wako) is at the heart of the Ginza shopping district in Tokyo. This store is famous for its watches, jewellery, chocolate, porcelain, dishware, and handbags, as well as upscale foreign goods ...
Nanban trade (南蛮貿易, Nanban bōeki, "Southern barbarian trade") or the Nanban trade period (南蛮貿易時代, Nanban bōeki jidai, "Southern barbarian trade period") was a period in the history of Japan from the arrival of Europeans in 1543 to the first Sakoku Seclusion Edicts of isolationism in 1614.