There are two major policies which hugely helped Japanese economy. The first policy was Yoshida Doctrine. Prime Minister Yoshida Shigeru, who is also called the father of modern Japanese economy, implemented the policy which aimed to set economic recovery and development as nation’s first priority by reducing expenses for military. Thus, Japan was able to concentrate fully on reconstructing economy by spending all of strength and money. Also, the Income Doubling Plan was implemented by Ikeda, who is seen to be the key figure in Japan’s rapid growth.
Since people stopped buying companies were forced to make excess supply of products further cheaper in order to sell them out, since this resulted in cutting back of production, further resulting in tremendous reduction in the wages of the employees leading to an overall less profit made by the companies. This led most of the Japanese companies to do business overseas rather than in Japan due to lack of profits, and lack of foreign investment led the economy to a complete halt. However, many steps have been taking in the past few years in order to revive the Japanese economy in order to tackle deflation problems face by the country. The following are the notable
Another method used by the Japanese in order to gain economic stability was to forcefully invade neighboring countries such as China and Manchuria using the strength of her military. The neighboring countries would provide essential and useful raw materials as well as heavy industry that Japan needed in order to become a more productive nation. The nation also tried to limit importing of goods from the West and becoming less dependent and fully independent as a nation by producing their own
The quality of product from Japan is no doubt extremely high. Having a sticker saying “Made in Japan” almost equals high quality guaranteed. Taiwan was one of the four Asian tigers during the 60s to 90s, just like Singapore, Hong Kong, and South Korea. Even though quality of product and technical
The Marshall Plan was at the forefront of American economic policy from 1947 onwards, and its effect on International Relations was immense. It was highly significant as the first American foreign policy in peacetime. The Marshall Plan aimed to economically reconstruct Europe as well as to stop the spread of communism across Europe. However it also lead to the USSR taking further control in Eastern European countries. One of the most significant aspects of Marshall Aid was the help it provided to the European countries that were most affected economically by the Second World War.
Japanese popular culture has obtained followers around the world to consider that the cultural characteristics of this country are attractive to the public. This is demonstrated by two factors: the increase in the Otaku culture and the massive commercialization of anime and manga. The artistic and thematic styles of Manga have transcended cultural barriers, causing an important and lasting impression in the public. As a gateway to Japanese culture, it has attracted a global fan base and has fed interest in Japanese culture. It remains one of the most economically and socially profitable exports in the country and has helped Japan become one of the largest exporters of cultural products in the
Outside of Asia, Japan has influenced a lot of countries in the West through its different genres of films. The Tokusatsu genre had also propagated to Europe and the United States.The Japanese Godzilla-style movie has inspired movies like Gorgo from the King Brothers Productions in the United Kingdom and Danish Saga Studios, Reptilicus. The Henshin Hero style was also created in the United States by Saban Entertainment’s Power Rangers in 1993 and Masked Rider in 1995 after they bought them from Toei. In France, the French Buki X-1 Production had created the Junshi Sentai France Five or known as France Five in 2000. This shows how the Japanese Tokusatsu played a major role in commencing Japan’s soft power in the world especially in the film
The country was used as a major military and supply base for the US and UN troops in the Asia-Pacific region due to its identity as US’s valuable anti-communist ally in East Asia and its proximity to Korea. 3This contributed greatly to its economic recovery as Japan’s production rose rapidly and companies began profit-making. The close diplomatic and trading partner relations between the two countries even enabled Japan to become a springboard from which the economic miracle could
Japan entangled itself in the affairs of foreign states, as evidenced by its involvement in Korea that prompted the Sino-Japanese War, which resulted in Japanese victory (Borthwick 145). Following the war, Japan benefited from territorial gains along with economic opportunities that gave it access to more treaty ports. However, these rewards proved to not be enough for Japan, as it pressed for a higher military buildup. This led to another war called the Russo-Japanese War, where Japan succeeded in having a strong economic stake in Manchuria, the region between China and Russia. (Borthwick 149).
During the war, several young soldiers mobilized into Japanese army that came from the rural areas where the effects of depression were devastating and the poverty was widespread. They commit themselves into the military effort to expand Japanese territory to attain the economic security. After the Japan ended experiencing the depression brought by the world war, internationally, that was the time of free trade. The great powers protected their economic rights within their colonies and spheres of influences, but they also sought to bolster their slump economies with dumping good high tariffs and other trade manipulation. The Japan, with few and limited resources copy this pattern by the great powers.