Impact Of The Dodge Plan

With the change of government in Japan, economic change soon followed. Banks were founded to invest in capital, railways and steam boats were developed, restrictions on trade such as tariffs and guilds were removed, and land was re-distributed. These reforms helped spur the Industrial

The system’s notable elements mainly consisted in anti-labor and pro-business policies that protected the home market from outside influence with low levels of social welfare spending, making Japan pass through a growth period though, at the same time, such system presented cases of Diet’s unconstitutionalism, corruption scandals, and a lack of organization in more than one aspect.

The Economic Effect on Japan during Post World War II Japan’s economy was greatly affected by the atomic bombs dropped on both Hiroshima and Nagasaki. Japan’s economic recovery as a result of this incident transformed Japan’s economic growth which has become known as the “Economic Miracle.” The bombs caused Japan to reconstruct many more facilities in which the economy moved forward. The Economic Planning Agency, which used to be known as the Economic Stabilization Board, helped Japan to become one of the leading economic nations. The United States also contributed to much of Japan’s recovery by occuping it from 1945-1951.

Following World War II, all of Europe was left in a clutter of disarray. Instead of watching Europe endure the hardships left from the war, the United States went to Europe’s aid. From 1947 to 1952, European nations experienced a time of massive growth. The Marshall Plan called for the nations of Europe to draw up a program for economic and political recovery from the war. The plan was a response to American concerns that communist parties were growing stronger across Europe and that the Soviets might intervene. The Marshall Plan also reflected the belief that US aid for European economic recovery would create strong democracies and open new markets for American goods. After World War II, The European Recovery Program was instrumental in economically

The dropping of the bomb had a devastating effect to the Japanese economy. As both Hiroshima and

The Great Depression, which occurred in 1929, devastated the economy of many counties worldwide, including Japan. Thus, many sought for imperialism as the answer, such as the Western power and Japan. Japan targeted China, planning on taking advantage of the turmoil that was taking place inside the country, greatly devastating the country by military power. Watching closely over the feud between the Chinese Nationalists and Communists, Japan waited for the perfect opportunity. (Beck et. alt. 481)

Withdrawal of the U.S navy: Japan was forced to open borders, they were influence by other cultures, they eventually lost the tradition.

December 7th, Japanese artillery made a surprise attack on American soil. Japanese fighter planes attacked at Pearl Harbor, the American naval base in Hawaii. It was a devastating attack that lasted for nearly 3 hours. Tons of American ships and planes were destroyed, and over 2,000 sailors were killed during the attack. Just the day after the attack, Franklin D. Roosevelt wanted congress to declare war of Japan.

1. Outline very briefly the main factors that led to the bubble economy of the 1980s and

The Japanese scholars were sent to study abroad and observe the Western sciences and languages to transform the Tokugawa Japanese agrarian economy. The introduction of Western technologies and ideas advanced the Japanese economy. The development of infrastructures such as railroads and telegraphs allowed Japan to develop new industries. Transportation and communication networks were advanced from large governmental investments. The government supported the growing businesses and

Its actions have helped initiate new industries, cushion the effects of economic depression, create a sound economic infrastructure, and protect the living standards of the citizenry. Indeed, so pervasive has government influence in the economy seemed that many foreign observers have popularized the term "Japan Inc." to describe its alliance of business and government interests. Whether Japan in the mid-1990s fit this picture seems questionable, but there is little doubt that government agencies continue to influence the economy through a variety of policies. Not only did the American press use the same terms as the federal government, but in doing so it also helped lay the framework of the Japanese- American internment in a completely inaccurate way (Lau, 2014).

Japan’s unemployment rate of about 4% opposed to the U.S. unemployment rate of close to 10%. Even the financial debt to GDP ration is an advantage, and debt in the private sector has not increased unlike the U.S. and European countries, (Time, 2009). In addition, since Japan is a huge exporter and with the U.S. demand going downward, the international balances and growth declined especially as the dollar value dropped and the yen surged. •

In 1945, Japan was devastated and lost a quarter of the national wealth after suffering a defect in the second world war. A majority of the commercial buildings and accommodation had been demolished, and massive machinery and equipment formerly used in production for the civil market were out of service to provide metal for military supplies (Miyazaki 1967). Despite the trash and ruins had left over in Japan, Japan was able to rebuilding its infrastructure and reconstruct their economy. It is revealed that the Japanese economy was on its way to recovery, which received a rapid development since the war, and the reconstruction of Japan had spent less than forty years to become the world’s second largest economy in the 1980s. This essay will explore the three factors account for the economic growth of post-war Japan: the financial assistance from the United States, the external environment, and the effective policy of Japanese government.

The onset of Super Endaka in 1995 summed up to an already existing situation of global recession (1991), with price pressures, posted production and sales declines. Moreover, trade barriers in Europe prevented Japan's firms to expand and compensate for the US losses, where the price effects of yen appreciation were most severe. This time, the challenge posed by the new exchange rate shift was even harder than the first one.

Japan ranks as the third largest economy in the world as of 2010. The GDP at current prices in US dollars in Japan was reported at 5068.06 billion in 2009, according to the International Monetary Fund (IMF). Japan’s resurgence after World War II has however reached an inflection point in yearly 1989 after the burst of Japan’s asset price and real estate bubbles. As can be seen from the graph below, Japan’s GDP has hovered around the same level through more than 20 years of economic stagnation. The GDP’s slow growth has been exacerbated by the world financial crisis of 2008. A major landmark of Japan’s stagnation has been the BOJ’s fight against deflation.