The 1973 Oil Crisis had a devastating effect on Japan’s economy and led to a period of rapid political turmoil as the ruling LDP, for the first time in the party’s history, failed to obtain a simple majority of seats in the diet.
The Economic Miracle period witnessed, as its name suggests, tremendous economic growth throughout Japan. However, that growth came at a cost to Japan’s organized working class as well as white collar workers whose pursuit of productivity often compromised their health.
Ikeda Hayato managed to garner the necessary support to become the President of the LDP and the Prime Minister of Japan after Kishi Nobusuke’s resignation in 1960. He would prove to be almost the polar opposite of his arch-conservative predecessor, creating much of the social safety net which Japan continues to enjoy today. His successor, Sato Eisaku, lobbied for the return of Okinawa Prefecture and was forced to wrangle with complicated geopolitical challenges and domestic disturbances.
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