Pacific Atrocities Education
  • Home
    • About >
      • FAQ's - Frequently Asked Questions
    • Support Us >
      • Projects you can support! >
        • Distributing Books
        • Presenting at 112th Annual Meeting of Pacific Coast Branch
        • Summer Research Relocation Fund
    • Contact
  • Stories
    • Videos >
      • Black Hearts (2021)
    • Blog
    • Podcast: Forgotten History
  • Internship
    • Summer 2025 Internship
    • Spring 2025 Internship
    • Summer 2024 Internship
    • Summer 2023 Internship
    • Fall 2022 Internship
    • Summer 2022 Internship
    • Summer 2021 Internship
    • Fall 2020- Spring 2021 Internship
    • Summer 2020 Internship
    • Fall 2019 Internship
    • Summer 2019 Internship >
      • Public History Night
    • School Year 2018-2019 Internship
    • Summer 2018 Internship >
      • 2018 Summer Showcase + Fundraiser
    • Fall 2017 Internship
    • Summer 2017 Internship >
      • 2017 Summer Showcase & Fundraiser
  • Books
  • Archives
  • Resource Page
    • Supplementary Research Guides >
      • Unit 731 - Guide >
        • Background of Biochemical Warfare Development
        • Imperial Japan's Chemical Warfare Development Program
        • Map of Unit 731
        • Personnel of Unit 731
        • Duties of Unit 731
        • Human Experimentation
        • [GRAPHIC] Germ Warfare Attacks
        • Cover Ups After the War
        • [OLD] Cover Ups After the War
      • Philippines' Resistance - Guide >
        • Philippines World War II Timeline
        • The Japanese Invasion & Conquest of the Philippines
        • Bataan Death March
        • Formation of Underground Philippines Resistance
        • Supplies of the Guerrilla Fighters
        • The Hukbalahap
        • Hunter's ROTC
        • Marking's Guerrillas
        • United States Army Forces in the Philippines of Northern Luzon (USAFIP-NL)
        • The Aetas
        • Chinese and Filipino-Chinese Nationalist Guerrilla Units
        • The Female Faces of the Philippine Guerrillas
      • Rising Sun Flag - Guide >
        • History of the Rising Sun Flag
        • Atrocities Committed Under the Flag
        • Rising Sun Flag in Pop Culture
      • Pinay Guerrilleras - Guide >
        • Japanese Occupation of the Philippine Islands: Pinays Answering the Call to Arms
        • The Fierce Heneralas and Kumanders of the Hukbalahap Guerrillas
        • Amazons of the Pacific Theater
        • Filipina American Veterans: Recovering the Extraordinary Feats of the Ordinary Pinays
        • The Legacy of the Asian Women Soldier
      • Fall of Singapore - Guide >
        • Singapore World War II Timeline
        • History of World War II in the Pacific
        • History of Singapore
        • Japan's Conquest in Asia
        • Japan's Invasion of the Malay Peninsula
        • Sook Ching Massacre
        • Double Tenth Incident
        • Social Changes and Challenges in Singapore
        • Voices from Syonan
        • Return to British Rule
      • Three Years and Eight Months - Guide >
        • Hong Kong before WW2
        • Buildup to World War 2
        • The Battle of Hong Kong
        • Life during 3 Years and 8 Months
        • East River Column Guerrilla Fighters
        • Prisoners of War Camps
        • End of Japanese Occupation
        • War Crimes Trials
      • Siamese Sovereignty - Guide >
        • The Land of Smiles
        • The Thai-Japanese Relationship
        • Phibun’s Domestic and International Policies
        • The Free Thai Resistance Movement
        • Post WW2 Aftermath of Thailand
      • The Khabarovsk War Crimes Trial - Guide >
        • Defendants of Khabarovsk War Crime
        • The Japanese Empire and USSR in WW2
        • The Employment of the Bacteriological Weapon in the War
        • Planning of Japan invasion to USSR
      • Unit 731 Cover-up : The Operation Paperclip of the East - Guide >
        • Establishing Manchukuo
        • The Development of Unit 731
        • Plan Kantokuen and Bacteriological Warfare
        • The Downfall of the Japanese WW2 Era
        • Three Stages of Interrogations
        • Lasting Impacts
      • Marutas of Unit 731 - Guide >
        • How did Ishii Shiro start unit 731?
        • A Beta Testing Site
        • Establishing Pingfan
        • Experiences at the Human Experimentation Complex
        • Vivisection at the Unit 731
        • Anta Testing Grounds
        • Overall Advance from the Laboratory Creations
        • The End of the War
      • Prince Konoe Memoir - Guide >
        • Who is Prince Konoe?
        • Preparation to Tripartite Pact
        • Emperor Hirohito and Prince Konoe
        • The End of Prince Konoe
      • Competing Empires in Burma - Guide >
        • What was the China-Burma-India Theater?
        • When did the China-Burma-India Theater Happen?
        • Who Fought in the China-Burma-India Theater?
        • The Second Sino Japanese War
        • Japan in the South
        • Operation U-Go
      • Battle of Shanghai - Guide >
        • The Battle of Shanghai. Background
        • Shanghai Before War
        • The First Battle of Shanghai 1932
        • Battle of Shanghai 1937
        • Aftermath of Battle for Shanghai
      • Ishi Shiro - Guide >
        • History of Biological Weapons and The Young Ishii Shiro
        • Establishment in Manchuria
        • Pingfang District - Harbin
        • Failures and Corruption
        • Post War
      • Taiwan The Israel of the East - Guide >
        • Background of Formosa
        • Industrialization of Japan
        • China During WWII
        • Taiwan under Kuomintang
        • New Taiwanese National Identity
      • Seeking Justice for Biological Warfare Victims of Unit 731 - Guide >
        • Introduction of Wang Xuan
        • Colonel Memorandum
        • The Beginning of Biological Warfare
        • The Bacteriological Warfare on China
        • Victims in Zhejiang’s Testimonies
        • After the War
      • Rice and Revolution - Guide >
        • The French Colonial Period
        • Anti-Colonial Resistance
        • The Rise of the Communist Movement
        • Imperial Japan’s Entry into Indochina
        • The Portents of Famine
        • The Famine (1944-45)
        • Legacy of the 1944-45 Vietnam Famine
      • Clash of Empires - Guide >
        • Japan’s Imperialist Origins
        • Japan’s Competition against the West: Nanshin-ron and Hokushin-ron
        • Japanese Imperialism Through the Lens of French Indochina
        • The U.S.-Japan Relations and the Pearl Harbor Attack
      • Hunger for Power and Self-SufficiencyI - Guide >
        • The Influence of War Rations on Post-War Culinary Transformations
        • How World War II Complicated Food Scarcity and Invention
        • American Military Innovations
        • Government-Sponsored Food Inventions in Europe during World War II
        • Feeding the Army: The Adaptation of Japanese Military Cuisine and Its Impact on the Philippines
        • Mixed Dishes: Culinary Innovations Driven by Necessity and Food Scarcity
      • Denial A Quick Look of History of Comfort Women and Present Days’ Complication - Guide >
        • The Comfort Women System and the Fight for Recognition
        • The Role of Activism and International Pressure
        • The Controversy over Japanese History Textbooks
        • The Sonyŏsang Statue and the Symbolism of Public Memorials
        • Activism and Support from Japanese Citizens
        • The Future of Comfort Women Memorials and Education
      • Echoes of Empire: The Power of Japanese Propaganda - Guide >
        • Brief Overview of Imperial Japan
        • Defining Propaganda
        • Propaganda Encouraging Action​
        • The Rise of Nationalism
        • The Formation of Japanese State Propaganda
        • Youth and Education
      • Shadows of the Rising Sun: The Black Dragon Society and the Dawn of Pan-Asianism - Guide >
        • Origins of the Black Dragon Society
        • The Influence of Pan-Asianism
        • Relationship with Sun Yat-sen
        • The Role in Southeast Asia
        • The Spread of Ideology and Espionage
        • Disbandment and Legacy
      • Chongqing Bombing: The Forgotten Blitz of Asia and Its Lasting Impact - Guide >
        • Introduction and Historical Background
        • The Class Divide During the Bombings
        • Resilience and Unity of Chongqing
        • Key Incidents - Great Tunnel Massacre
        • The Aftermath of the Bombings
        • Legacy and Commemoration
      • Shanghai's International Zone: A Nexus of War, Intelligence, and Survival - Guide >
        • Historical Background
        • The International Zone
        • Battles in Shanghai
        • Civilian Intelligence Efforts
        • Wartime Brutality
        • Aftermath & Legacy
    • Lesson Plans >
      • Reparations
      • Ethics in Science
      • Writing the Narrative of a Pinay Fighter
      • Privilege Journal
      • Environmental Injustices
      • Female Guerrillas
      • Hunter's ROTC
      • Scientific Advancements
      • Seeking Justice: A Humanities Lesson Plan
      • The Hukbalahap
      • Trading Immunity
      • Bataan Death March
      • Biochemical Warfare Development
  • History Remembered
Contribute

The Japanese Economy After WWII

2/8/2019

2 Comments

 
Researched by Jessica Leung
The Japanese Economy After WWII
After WWII, Japan’s economy boomed: it rivaled the US in economic recovery in just 80 years up until the end of the Cold War era. Japan rose from the devastating destruction to recovery in the wake of Hiroshima and Nagasaki to becoming one of the top performing economy in the world. ​
(continued) Looking at Japan’s economic growth, it is hard to imagine that it once suffered from being on the losing side of WW2 with most citizens of its nation barely had their basic needs met. Japan’s westernization, military growth, defeat, and economic growth were products of interaction with the United States since Matthew Perry showed up at its pier on the very day of July 8th, 1853 forcing isolated Japan to open up to trade with the United States. 

The trading with the West led to Japan wanting to prove itself to the world. Hence, it quickly industrialized to catch up with the West and became the first country from the East to defeat a Western power in the Russo-Japanese War. However, the isolated island was running out of resources to grow its empire and started its invasion of neighboring countries such as the Korean Peninsula and China. During WW2, it even stretched its empire all across Southeast Asia occupying Singapore, Philippines, Dutch Indies, and Burma. 

It wasn’t until after the second atomic bomb in Hiroshima did Hirohito decided to surrender during World War 2. Right after the surrender of the Empire of Japan, the United States occupying led by General MacArthur led the Allies in the occupation and rehabilitation of Japan with widespread military, political, economic, and social reform, and unlike Germany, the US occupation of Japan was indirect, meaning that the Japanese government still existed as a puppet government. Japan was determined to emerge as an economic success after its humiliating defeat reluctantly allying itself with the very nations that defeated them during the war.

During the war, the United States had sunk all of the Japanese military and commercial ships in a sea lane blockage, leading Japan to have lost the means to transporting energy and materials between the island to its colony and occupied areas. This was one of the most effective ways to lead Japan to the loss of its war. Also, the U.S. had also bombed most of the Japanese major cities. One of the largest air raids was conducted in Tokyo near the end of the war where 100,000 people were trapped in the fire and killed within a few hours. It costed almost as much damage as the two other atomic bombs. The atomic bombs did not affect the Japanese production capacity as much as it had impacted its national psychologically. The surviving factories and railroads were defunct from the aerial bombings, and with the lack of input as well, it was doomed for an economic shortage. 

In 1946, a year after Japan surrendered, there was a food shortage. Food was rationed for everyone in families and there were black markets that popped up everywhere. There were reports that people who did not go to the black market died of starvation. Soldiers who returned home were not only starving from the lack of food, but there was a lack of jobs for them as well. Unemployment and inflation became a huge problem in Japan. Even the black market suffered from inflation as the government kept printing money. 

The United States occupation of Japan’s goal shifted from demilitarizing to helping their economy as Japan was in such desperate needs economic stability. By 1948, a US banker, Joseph Dodge came up with an economic reform called the 1948 Dodge Line. The main points were to balance the national budget by reducing debt and lower inflation, come up with a more efficient tax collection plan, dissolve the Reconstruction Finance Bank due to its uneconomical loans, decrease the scope of government intervention, and to fix the exchange rate to 360 yen to 1 US dollar to keep Japanese export prices low. Note that he focused on privatizing industries and reduced the government’s involvement in the economy. 

Similar to many other nations who tried to stop the inflation, the nation faced a recession due to the shock on the economic activity. The Bank tried to print more money against Dodge’s recommendation when the recession was felt really hard in Japan. However, another big event happened by 1950 which secured Japan’s economic activity as well as leveraged its position with the United States during the Cold War. This event was the Korean War. 

The Korean War in 1950 allowed the Japanese to supply manufactured weapons using their vulnerability to its economic advantage that stabilized its factories. 

By 1951, Japan became the lead in the world of shipbuilding supplies that boasted 1% control of the industry nationally that increased national wealth. Factories that previously manufactured wartime commodities started producing items of every-day use such as motorcycles and cars. Technological companies that are still influential today are the leading brands of electronics. Honda (1955), Toshiba (1939), and Sony (1946) among many others are the best- known companies that were born out of the post-war industrialization still influencing the way consumers purchase our electronics today.

References 
  1. Alexander, J. Arthur. “In the Shadow of the Miracle. The Japanese Economy Since the End of the High- Speed Growth” Lexington Books, (2002). 
  2. Chung, William K., and Denison, Edward F. “How Japan’s Economy Grew So Fast” Washington Press. (1976). 
  3. Time Magazine < http://factsanddetails.com/media/2/20091003-76650af76aa1d603_large-450x598.jpg>  [Retrieved 1/31/2019]. 
  4. Nippon Stock Exchange <Nikkei Stock Chart >  [Retrieved 1/24/2019]. 
  5. Post War Recovery.  < http://www.grips.ac.jp/teacher/oono/hp/lecture_J/lec10.htm>. [Retrieved 1/31/2019]
  6. Masahiro, Takada. “Japan’s Economic Miracle: Underlying Factors and Strategies for the Growth” <https://www.lehigh.edu/~rfw1/courses/1999/spring/ir163/Papers/pdf/mat5.pdf>. March 1999. 
  7. Takatoshi, Itō. “ The Japanese Economy, Volume 10.” [Retrieved 1/31/2019]. 

Related Articles

Zaibatsu: japanese business conglormerate

Related Books

Picture
Picture
Fall of singapore: an unprecedented defeat of the british empire in the pacific during world war 2
Three years and eight months: the japanese occupation of Hong Kong during world war 2
2 Comments
ramster link
3/21/2023 11:14:47 pm

Tysm this really helped w/ a project!!

Reply
Charlie
3/11/2024 10:07:06 am

twin

Reply



Leave a Reply.

Pacific Atrocities Education
730 Commercial Street
San Francisco, CA 94108 
​415-988-9889
About
Contact
​Internship
Write for us
​​​
Donate


Topics & Issues
Listen
Read  
Teach
​Archive
Copyright © 2021 Pacific Atrocities Education.
​We are a registered 501 (c)(3) charity. ​
  • Home
    • About >
      • FAQ's - Frequently Asked Questions
    • Support Us >
      • Projects you can support! >
        • Distributing Books
        • Presenting at 112th Annual Meeting of Pacific Coast Branch
        • Summer Research Relocation Fund
    • Contact
  • Stories
    • Videos >
      • Black Hearts (2021)
    • Blog
    • Podcast: Forgotten History
  • Internship
    • Summer 2025 Internship
    • Spring 2025 Internship
    • Summer 2024 Internship
    • Summer 2023 Internship
    • Fall 2022 Internship
    • Summer 2022 Internship
    • Summer 2021 Internship
    • Fall 2020- Spring 2021 Internship
    • Summer 2020 Internship
    • Fall 2019 Internship
    • Summer 2019 Internship >
      • Public History Night
    • School Year 2018-2019 Internship
    • Summer 2018 Internship >
      • 2018 Summer Showcase + Fundraiser
    • Fall 2017 Internship
    • Summer 2017 Internship >
      • 2017 Summer Showcase & Fundraiser
  • Books
  • Archives
  • Resource Page
    • Supplementary Research Guides >
      • Unit 731 - Guide >
        • Background of Biochemical Warfare Development
        • Imperial Japan's Chemical Warfare Development Program
        • Map of Unit 731
        • Personnel of Unit 731
        • Duties of Unit 731
        • Human Experimentation
        • [GRAPHIC] Germ Warfare Attacks
        • Cover Ups After the War
        • [OLD] Cover Ups After the War
      • Philippines' Resistance - Guide >
        • Philippines World War II Timeline
        • The Japanese Invasion & Conquest of the Philippines
        • Bataan Death March
        • Formation of Underground Philippines Resistance
        • Supplies of the Guerrilla Fighters
        • The Hukbalahap
        • Hunter's ROTC
        • Marking's Guerrillas
        • United States Army Forces in the Philippines of Northern Luzon (USAFIP-NL)
        • The Aetas
        • Chinese and Filipino-Chinese Nationalist Guerrilla Units
        • The Female Faces of the Philippine Guerrillas
      • Rising Sun Flag - Guide >
        • History of the Rising Sun Flag
        • Atrocities Committed Under the Flag
        • Rising Sun Flag in Pop Culture
      • Pinay Guerrilleras - Guide >
        • Japanese Occupation of the Philippine Islands: Pinays Answering the Call to Arms
        • The Fierce Heneralas and Kumanders of the Hukbalahap Guerrillas
        • Amazons of the Pacific Theater
        • Filipina American Veterans: Recovering the Extraordinary Feats of the Ordinary Pinays
        • The Legacy of the Asian Women Soldier
      • Fall of Singapore - Guide >
        • Singapore World War II Timeline
        • History of World War II in the Pacific
        • History of Singapore
        • Japan's Conquest in Asia
        • Japan's Invasion of the Malay Peninsula
        • Sook Ching Massacre
        • Double Tenth Incident
        • Social Changes and Challenges in Singapore
        • Voices from Syonan
        • Return to British Rule
      • Three Years and Eight Months - Guide >
        • Hong Kong before WW2
        • Buildup to World War 2
        • The Battle of Hong Kong
        • Life during 3 Years and 8 Months
        • East River Column Guerrilla Fighters
        • Prisoners of War Camps
        • End of Japanese Occupation
        • War Crimes Trials
      • Siamese Sovereignty - Guide >
        • The Land of Smiles
        • The Thai-Japanese Relationship
        • Phibun’s Domestic and International Policies
        • The Free Thai Resistance Movement
        • Post WW2 Aftermath of Thailand
      • The Khabarovsk War Crimes Trial - Guide >
        • Defendants of Khabarovsk War Crime
        • The Japanese Empire and USSR in WW2
        • The Employment of the Bacteriological Weapon in the War
        • Planning of Japan invasion to USSR
      • Unit 731 Cover-up : The Operation Paperclip of the East - Guide >
        • Establishing Manchukuo
        • The Development of Unit 731
        • Plan Kantokuen and Bacteriological Warfare
        • The Downfall of the Japanese WW2 Era
        • Three Stages of Interrogations
        • Lasting Impacts
      • Marutas of Unit 731 - Guide >
        • How did Ishii Shiro start unit 731?
        • A Beta Testing Site
        • Establishing Pingfan
        • Experiences at the Human Experimentation Complex
        • Vivisection at the Unit 731
        • Anta Testing Grounds
        • Overall Advance from the Laboratory Creations
        • The End of the War
      • Prince Konoe Memoir - Guide >
        • Who is Prince Konoe?
        • Preparation to Tripartite Pact
        • Emperor Hirohito and Prince Konoe
        • The End of Prince Konoe
      • Competing Empires in Burma - Guide >
        • What was the China-Burma-India Theater?
        • When did the China-Burma-India Theater Happen?
        • Who Fought in the China-Burma-India Theater?
        • The Second Sino Japanese War
        • Japan in the South
        • Operation U-Go
      • Battle of Shanghai - Guide >
        • The Battle of Shanghai. Background
        • Shanghai Before War
        • The First Battle of Shanghai 1932
        • Battle of Shanghai 1937
        • Aftermath of Battle for Shanghai
      • Ishi Shiro - Guide >
        • History of Biological Weapons and The Young Ishii Shiro
        • Establishment in Manchuria
        • Pingfang District - Harbin
        • Failures and Corruption
        • Post War
      • Taiwan The Israel of the East - Guide >
        • Background of Formosa
        • Industrialization of Japan
        • China During WWII
        • Taiwan under Kuomintang
        • New Taiwanese National Identity
      • Seeking Justice for Biological Warfare Victims of Unit 731 - Guide >
        • Introduction of Wang Xuan
        • Colonel Memorandum
        • The Beginning of Biological Warfare
        • The Bacteriological Warfare on China
        • Victims in Zhejiang’s Testimonies
        • After the War
      • Rice and Revolution - Guide >
        • The French Colonial Period
        • Anti-Colonial Resistance
        • The Rise of the Communist Movement
        • Imperial Japan’s Entry into Indochina
        • The Portents of Famine
        • The Famine (1944-45)
        • Legacy of the 1944-45 Vietnam Famine
      • Clash of Empires - Guide >
        • Japan’s Imperialist Origins
        • Japan’s Competition against the West: Nanshin-ron and Hokushin-ron
        • Japanese Imperialism Through the Lens of French Indochina
        • The U.S.-Japan Relations and the Pearl Harbor Attack
      • Hunger for Power and Self-SufficiencyI - Guide >
        • The Influence of War Rations on Post-War Culinary Transformations
        • How World War II Complicated Food Scarcity and Invention
        • American Military Innovations
        • Government-Sponsored Food Inventions in Europe during World War II
        • Feeding the Army: The Adaptation of Japanese Military Cuisine and Its Impact on the Philippines
        • Mixed Dishes: Culinary Innovations Driven by Necessity and Food Scarcity
      • Denial A Quick Look of History of Comfort Women and Present Days’ Complication - Guide >
        • The Comfort Women System and the Fight for Recognition
        • The Role of Activism and International Pressure
        • The Controversy over Japanese History Textbooks
        • The Sonyŏsang Statue and the Symbolism of Public Memorials
        • Activism and Support from Japanese Citizens
        • The Future of Comfort Women Memorials and Education
      • Echoes of Empire: The Power of Japanese Propaganda - Guide >
        • Brief Overview of Imperial Japan
        • Defining Propaganda
        • Propaganda Encouraging Action​
        • The Rise of Nationalism
        • The Formation of Japanese State Propaganda
        • Youth and Education
      • Shadows of the Rising Sun: The Black Dragon Society and the Dawn of Pan-Asianism - Guide >
        • Origins of the Black Dragon Society
        • The Influence of Pan-Asianism
        • Relationship with Sun Yat-sen
        • The Role in Southeast Asia
        • The Spread of Ideology and Espionage
        • Disbandment and Legacy
      • Chongqing Bombing: The Forgotten Blitz of Asia and Its Lasting Impact - Guide >
        • Introduction and Historical Background
        • The Class Divide During the Bombings
        • Resilience and Unity of Chongqing
        • Key Incidents - Great Tunnel Massacre
        • The Aftermath of the Bombings
        • Legacy and Commemoration
      • Shanghai's International Zone: A Nexus of War, Intelligence, and Survival - Guide >
        • Historical Background
        • The International Zone
        • Battles in Shanghai
        • Civilian Intelligence Efforts
        • Wartime Brutality
        • Aftermath & Legacy
    • Lesson Plans >
      • Reparations
      • Ethics in Science
      • Writing the Narrative of a Pinay Fighter
      • Privilege Journal
      • Environmental Injustices
      • Female Guerrillas
      • Hunter's ROTC
      • Scientific Advancements
      • Seeking Justice: A Humanities Lesson Plan
      • The Hukbalahap
      • Trading Immunity
      • Bataan Death March
      • Biochemical Warfare Development
  • History Remembered
Contribute