Question

Fully describe the Japanese Economic Warfare model and its impact.

Answer 1

Answer-
Japanese economic war fare model and its impact.
Japan is a country which faced nuclear attacks in Hiroshima and Nagasaki. It economy suffered severely after the World War II. In spite of such a massive attack on its economy it became the second largest economy of the world next to the United States of America. Although recently Japan has seen a slow growth rate. This is because the United States of America has made policies which are oppressing the Japanese production and the Japanese currency is is depreciating in value as compared to the dollar. Even though Japan is a very technologically equipped country and it has been able to counter the policy of USA and save its currencies and appreciate the value Yen. The Japan's economy can be divided into four different stages.
1. The first stage is from the year 1946 to 1954 it is called as the recovery stage. Because Japan was seriously affected by the World War II. The Cotton Industry in Japan totally collapsed by the end of the Second World War. Due to severe bombing and destruction all its Cotton Industry was totally scrapped. But its ability to recover from loss shocked the entire world and Japan earned the title of "Japanese economical model". During the initial years of 1946 the production due to war decrease to 28% but it is recovered and the production in the year 1960 show a growth of 360%. The Japanese government made economic reforms to the cover from the the crisis. The shift in focus after the war was introduction of materials like steel and coal. The Japanese government focused on Consume and Export Policy,
2. The second stage is from the year 1954 to 1972 and it is called as the high increasing stage. In this stage it received support from the United States of America and the domestic economical reformation also helped in the growth of the economy. Japan also started focusing on the process of industrialisation. It's so a significant increase in industries. The main reason why Japan was able to focus on industrialization was because of its capacity to consume and export. During this time it became one of the most developed countries in the Eastern Asia.
3. The third stage is from the year 1973 to the year 1992 and it is the steady increasing stage. In the year 1973 Japan faced oil crisis the price in the oil increased by over 300% and came to $13 . Even the industrial production started to decrease. Due to sudden rise in price the supply capacity also could not be the responding to the the counter demand. The price of commodity also started increasing due to rise in price. In the year 1978 the oil price which was earlier $13 per barrel now increased to and reached $40 per barrel. Now Japan focused entirely on technology based products. This transformation was due to the crisis made by the USA japan started to make more environmental friendly materials which included very less oil consumption. Now slowly slowly Japan converted itself from a a industrial economy to technological based economy, and this gave its country a steady increase in its economy. The Rapid growth in the economy of Japan also started creating problems for USA. The economic interests of the United States also were harmed by rise of Japan. Japan also started to expand in international market.
4. The Fourth Stage is from the year 1992 to present. This stage is is the stage of slow increase for Japan. This is because the current century is the wars between two giant Economics of the world. That is USA and China. The size of the economy matters a lot and Japan being a small country could not contribute that much to the world economy as compared to the USA and China .Although the economy started to to increase but the economy share was very low. The concept of globalization also impacted Japan as technological advancement in USA made it the world leader and the ability of China to make products at a competitive price gave great advantage to it.

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