Adapt and React (Economics 1973-1979)
To help mitigate the damage to Japan’s economy during the Oil Shock period, its government would engage in global economic forums, encourage conservation among consumers, and expand into new energy sources.
Tag: Economics
A New Deal for Japan (Economics 1945-1954)
Japan’s economy expanded rapidly during the postwar rebuild – too rapidly. Hyperinflation created unrest and frustration which the labor movement hoped to harness. Meanwhile, the diet passed a sweeping land reform which radically transformed Japan’s agrarian sector.
The Great Crash
Two years prior to the much larger Great Depression, Japan experienced its own financial crisis thanks to the Great Kanto Earthquake, government bonds, and a panicky populace.
Clans, Corporations, and Capital
The early years of the Meiji period saw an explosion of economic growth as Edo Period merchant houses transformed into conglomerates called Zaibatsu.
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