By James I. Matray
Out of the ashes of its defeat in global warfare II, Japan arose to develop into the most important fiscal strength within the East Asia and a huge participant at the global fiscal level. How did it do that? This paintings offers a concise precis and research of Japan's emergence as a world fiscal energy. This advisor discusses the expansion of Japan as an unconventional international energy in line with the energy of its financial system and the softening of its economic system within the Nineties. Six topical essays are supported via a timeline of occasions in postwar Japan, biographical profiles of key gamers, the textual content of significant fundamental files, a thesaurus of phrases, and an annotated bibliography.Topical essays disguise the reprise of the emerging solar, Japan as a chilly warfare consumer, the evolution of Japan as an monetary titanic, contending with the Communists, pursuing companions in Asia, and Japan as a reactive worldwide energy. Biographical sketches of 15 key jap political and enterprise leaders, the textual content of 15 basic files, a timeline of occasions, a thesaurus of phrases, and an annotated bibliography compatible for scholar examine offer priceless reference fabric. scholars will make the most of this cogent and readable exam of 1 of the most important advancements within the postwar global.
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Extra resources for Japan's Emergence as a Global Power: (Greenwood Press Guides to Historic Events of the Twentieth Century)
S. occupation, these hardworking, competitive, innovative, and patriotic corporate leaders viewed economic growth as a way to refight and win the war, thereby atoning for defeat in World War II. A symbiotic relationship between the government and the Keidanren was another important explanation for Japan's fantastic economic growth. Close ties between politicians and corporate leaders derived from money, school, marriage, business, and personal links. Reflecting the extreme elitism of postwar leadership in Japan, graduating from Tokyo University was almost a condition for gaining a top government position.
By the early 1960s thirteen city banks controlled 60 percent of assets. Six large marketing companies, or sogo shosha, were another key component of these economic combines, controlling over half of all Japan's world trade. "3 Government management of economic development was an important factor in Japan's emergence as a global power. S. occupation to accelerate economic recovery. S. markets, and Washington persuaded its allies to follow suit. Once Japan regained its sovereignty, the Ministry of Finance, the Economic Planning Agency, and most important, the Ministry of International Trade and Industry (MITI) provided central guidance for the economy.
Representing about 700 industrial, financial, and commercial firms, the Keidanren was a powerful lobbyist thereafter for government policies favorable to corporate interests. 8 JAPAN'S EMERGENCE AS A GLOBAL POWER Elections under the new constitution in 1947 had made Socialist leader Katayama Tetsu prime minister until March 1948, when Ashida Hitoshi of the Democratic Party, his coalition partner, replaced him. Later that year, this new government fell after Ashida, following MacArthur's orders, banned a strike and then persuaded the Diet to pass laws outlawing work stoppages and unions for government workers.