Japans economy in the postwar

What followed is often referred to a period of demilitarization and democratization under General Douglas Mac Arthur from Japan's army and navy ministries were abolished.

Japans economy in the postwar

Bring fact-checked results to the top of your browser search. Economic transformation The Korean War marked the turn from economic depression to recovery for Japan. As the staging area for the United Nations forces on the Korean peninsula, Japan profited indirectly from the war, as valuable procurement orders for goods and services were assigned to Japanese suppliers.

The Japanese economy at the return of independence in was in the process of growth and change. Sustained prosperity and high annual growth rates, which averaged 10 percent in —60 and later climbed to more than 13 percent, changed all sectors of Japanese life.

The countryside, where farmers had benefited from land reformbegan to feel the effects of small-scale mechanization and a continuous migration to industrial centres. Agricultural yields rose as improved strains of crops and modern technology were introduced, as household appliances appeared in remote villages, and as the changing patterns of urban food consumption provided an expanded market for cash crops, fruits and vegetables, and meat products.

Efforts to control population growth, which had begun with the legalization of abortion in and included a national campaign to encourage family planningshowed considerable success, as the population stabilized and thereafter grew slowly. Gains in economic output, therefore, were not offset by a rapidly expanding population, and steady industrial growth brought full employment and even labour shortages.

Two elements underscored rapid growth in the s. Under these influences the structure of the Japanese economy changed to concentrate on high-quality and high-technology products designed for domestic and foreign consumption.

In the s Japanese exports expanded at an annual rate of more than 15 percent, and in Japan revealed the first signs that it had a trade surplus. The Japanese became enthusiastic followers of the American statistician W.

At the same time, Japan was able to import, under license, advanced foreign technology at relatively low cost. With the addition of a youthful and well-educated workforce, a high domestic savings rate that provided ample capital, and an activist government and bureaucracy that provided guidance, support, and subsidies, the ingredients were in place for rapid and sustained economic growth.

Social change Two major changes were visible in the social life of the Japanese from to The first was the significant decline in the birth rate that stabilized the Japanese population.

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The second was the population shift from the countryside to urban centres. In addition to birth controlsuch factors as a more highly educated populace, postponement of marriage in favour of education and employment, and a desire for greater independence in early adulthood contributed to changing fertility patterns—as did the increasing conviction among many couples that it was in their economic self-interest to have fewer children.

As population growth slowed and the economy expanded, Japan faced a labour shortage that drew workers from agriculture, as well as from small and medium enterprises, to the new large-scale industries of the cities. In the Meiji period the rural population of Japan stood at 85 percent of the national total; by it was approximately 50 percent, and by it had fallen to less than 20 percent.

In the process, both village and urban life underwent significant changes. Factories were built in the countryside as industrialists tried to tap into the still-underemployed rural labour force.

Agriculture itself became increasingly mechanized and commercialized. As sons, and even husbands, went off to the factories, women, children, and the elderly were often left to run the family farm.

At the same time, the face of rural Japan changed, with hard-surfaced roads, concrete schools, factories, and sales outlets for automobiles and farm equipment replacing the once timeless thatched-roof houses.Post-war Development of the Japanese Economy ―Development, Japanese/Asian Style ― to introduce the macroeconomic development process of the postwar Japanese economy (the so-called “Miracle Recovery”); 2) to explore the Japan-specific (mostly microeconomic) elements of .

The groundwork for the Allied occupation of a defeated Japan was laid during the war. In a series of wartime conferences, the leaders of the Allied powers of Great Britain, the Soviet Union, the Republic of China, and the United States discussed how to disarm Japan, deal with its colonies (especially Korea and Taiwan), stabilize the Japanese economy, and prevent the remilitarization of the.

Japans economy in the postwar

Japan's Postwar Economy. The phoenix was a mythical bird capable of living for hundreds of years. According to myth, it could regenerate itself by throwing itself into fire, from where it would. Jan 14,  · This feature is not available right now. Please try again later.

Japans economy in the postwar

As Japan’s economy began to take off in the s, a series of laudatory books cemented this benign image in the American mind and created a number of management myths that persist to this day. Post-war Development of the Japanese Economy The Postwar Japanese Economy – Its Development and Structure, 2nd ed.

Univ. of Tokyo Press, 3. Ian Inkster. Japanese Industrialization – Historical and Cultural Perspectives. Routledge, 4. Juro Teranishi.

Milestones: – - Office of the Historian