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The Russo-Japanese War (1904–05), World War I (1914–1918), the Korean War (1950–1953), and the Second Indochina War (1954–1975) brought economic booms to Japan. In addition, benign treatment from the United States after World War II facilitated the nation's reconstruction and growth.
In 1893 naval construction was in the range 177,000 to 1,528,000 tonnes. In 1913 this increased to 3,565,000 tonnes. In 1924 with 237 500-tonnes vessels and 11 10,000-tonnes and reaching 4,140,000 tonnes in 1928. The Japanese Navy was third in the world behind British and American Navies and dominated the West Pacific area before the war.
Agriculture in the Empire of Japan was an important component of the pre-war Japanese economy. Although Japan had only 16% of its land area under cultivation before the Pacific War, over 45% of households made a living from farming. Japanese cultivated land was mostly dedicated to rice, which accounted for 15% of world rice production in 1937.
' asset clique ') is a Japanese term referring to industrial and financial vertically integrated business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period to World War II. A zaibatsu's general structure included a family-owned holding company on ...
During the worldwide depression (1931 to 1934), Japanese exterior commerce grew. [2] The expansion of this trade was in part due to European difficulties in supplying their colonies, allowing Japan to expand into new markets. Before the war, crude silk represented one-third of exports and 10% of processed silk.
Captured Japanese photograph taken aboard a Japanese carrier before the attack on Pearl Harbor, December 7, 1941 (U.S. National Archives, 80-G-30549, 520599) A series of events led to the attack on Pearl Harbor. War between the Empire of Japan and the United States was a possibility each nation's military forces had planned for after World War I.
By the end of the war, what remained of the Japanese Empire was wracked by shortages, inflation, and currency devaluation. Transport was nearly impossible, and industrial production in Japan's shattered cities ground to a halt. The destruction wrought by the war eventually brought the Japanese economy to a virtual standstill.
The Korean Peninsula was officially part of the Empire of Japan for 35 years, from August 29, 1910, until the formal Japanese rule ended, de jure, on September 2, 1945, upon the surrender of Japan in World War II. The 1905 and 1910 treaties were eventually declared "null and void" by both Japan and South Korea in 1965.