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This paper will discuss the contributing factors to the economic recovery in Japan after the WWII. The paper will look into the details of each contributing factor to shed the light on the cause of the fast and remarkable recovery in the nation’s destroyed economy after the war. While Japan’s miracle economy can be attributed to many factors, the American contribution was the greatest factor to the fast economic recovery.
America played a great role in the recovery of Japan’s post war economy. The US was in a position to help in the recovery of Japan’s economy since they did not suffer huge post war economic damages. One of the greatest contributions of the American government to the economic miracle was opening up trade channels between the two nations. After the war, Japan had suffered great inflation and the unemployment rate in the nation was at an all time high. America signed business treaties with Japan for its exports to the US and the return imports. The trade process was in favor of Japan and it led to a fast growth in the GDP. The US government imposed restriction policies on Japan’s imports hence providing big loans to the Japanese government. The US also sent economic experts to campaign for personal savings and capital investment in Japan which subsequently increased the rate of local and foreign investment in the nation. The American government piloted a recovery program for Japan which boosted the implementation of the new economic policies that the Japanese government had put in place after the war1.
The US offered top-level support for Japanese postwar democratization was through protecting Japan by the Seventh Fleet and support of the Japanese export drive. The US government policies favored the penetration of American market by Japanese corporations. The US had emerged from World War II as a major
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This research describes the impact of the East Asian Miracle that led the path for most of the upcoming countries that leveled various standards of political and social collaboration for better prospects. Eventually every country in the world strived to make a viable development plan that would enable them to develop like what happened in the East Asia.
Many regions of Japan have experienced serious earthquakes and tidal waves. The worst earthquake in Japan’s history is the Great Kanto Earthquake, which struck Kanto Plain near Tokyo in 1923. In this earthquake, over 100, 000 people lost their lives.
However, the scenario has started to change completely from 1985 onwards. Japan has started to undergo a severe economic crisis from 1985 onwards. Growth in all sectors has been collapsed and deflation started to embrace Japan as a result of this crisis. According to Takeo Hoshi and Anil K Kashyap (2004), Japan’s Financial Crisis and Economic Stagnation may cost the “taxpayers is at least 20 percent of Japan’s GDP.
tent. Considering this situation, the most feasible solution is conceived to be UN backed efforts for nuclear disarmament in the region, an active advocacy towards the construction of nuclear-free zones and diplomatic efforts via UN forum to pressurize North Korea to back off from its nuclear program.
Evidently, cases of women who have been abused in marriages are more than those of men. Thus, people will tend to oversee the fact that some men too, undergo abuse in marriages. A recent study carried out showed that the percentage of women who suffered from domestic violence was almost equal to that of men who suffered from the same (Michels, 1998).
These results further send the message that the Japanese people are not satisfied with the way events are unfolding for them. Their dissatisfaction may have its origin in various areas for example; some do not trust their government. They feel that the government has failed to offer the best environment for unleashing their full potential.
To present a clearer picture the paper will present the culture and the relationship of Japan with Australia.
This research proposal will mainly deal with how Japan has successfully established their Soft Power in Australia and how the same works in the favour of Japan.
Together, all sectors of the American economy produce almost $4000 million dollars worth of goods and services annually, and each year they turn out almost $190000 million more. Most Americans consider themselves members of the middle economic class, and relatively few are extremely wealthy or extremely poor.
(Masuda, 2003) However after 1999, there have been changes in the strategy of the Japanese ODA. There are many reasons that are responsible for this fact. The most important one is the criticism that Japan is facing internally because it is in a state of deficit and