The US expected Japan to restrict the textile trade in return for Okinawa’s reversion. But this did not happen as the American side demanded and the US-Japan relations became unclear. […]
The inflection in the relationship between US and Japan was the result of a series of US policy shifts known as the Nixon Shocks. These policies had a major impact on Japan. […]
Japanese exports were famous for their superior quality. The industry achieved this by not penalizing mistakes in the manufacturing process but rectifying them. If the product was flawed, they focused on changing the process, effectively managing superior quality. […]
Japan’s Ministry of International Trade and Industry, or MITI, used government banks to provide loans to industries with projects that needed private loans. Once they received government loans, the private sector took it as an assurance from the government. Thus, once deemed as a safe project, private loans came easy. […]
Japanese industrial production increased increased exponentially between 1950 to 1960. The major factor contributing to it was stability vis-a-vis the boring basics of an economy. It includes, social and material infrastructure as well as political stability. […]
With rising anti-US sentiment, getting the US-Japan Security Treaty approved by the Diet seemed impossible. This was until Prime Minister Kishi Nobusuke, took the extreme step of making the police carry the entire opposition out of the assembly. […]
In an attempt to get the Diet to approve the new US-Japan Security Treaty, Prime Minister Kishi Nobusuke ended up being the target of both the opposition and the anti- treaty movement. He did succeed in getting the treaty passed, but at the cost of his political career. […]
Despite major anti-treaty movement in Japan, including the rise of the USSR and issues at US military bases, Prime Minister Kishi Nobusuke successfully signed the security treaty with the US in 1960. […]
To let Japan’s economy grow during the postwar period, the zaibatsu had to be dismantled, but this never happened. Yet, Japan managed to have a vibrant economy. […]
The US occupation, which turned out to be a major factor for Japan’s economic growth, came into play with various plans. Land reform can be considered a significant success of the US occupation. […]
© The Teaching Company, LLC. All rights reserved.