To understand Japan economic boom after the war you must also look at there history. Without the creation of the industrial economy during the Meiji Japan this economic growth after postwar could have not happened. To look even closer lets examine the period before called the Tokugawa period, from 1630's until the 1860's. Smith explains that "during this period Japanese economy experienced unparalleled growth and structural change" (Smith, Page 4). The system was set up on rules and obligations on all sections of society. These systems of control helped rapid urbanization.

Education is also a factor in the economic development in Tokugawa period. Tokugawa Japan abapted Confucianism bel

This started the cycle of economic development in the occupation period of Japan history. The United States occupied Japan from 1945 to1952. During the occupation the United States initial "instructions were to take no undue measures to revive the Japanese economy" (Smith, Page 64). Other policies of the occupation were the break up of the zaibatsu. They were accused of being the driving force behind militarism in the 1930's to the 1940's. Yet the zaibatsu were the center in economic development. In 1947 there was a change in course in the United States policies in the occupational period. This was largely due to changes in the decision-making structure of the US and I feel mainly to ease the mounting cost on the United States. Some of these changes in policy were fewer pressures for a decentralization of the zaibatsu. And by the end of the occupation a new zaibatsu emerged called the keiretsu.

was formed before the war their policies did not impact the economy till post war. One thing they did was to establish something called overloans. Basically overloans were

bubble burst. As a result land prices began to fall, large loans were not being paid on, and the stock market dropped in value by almost half. By 1993 the economy was in serious

Smith, Patrick. Japan a Reinterpretation. New York: Vintage Books, 1997.

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Approximate Word count = 2865
Approximate Pages = 11 (250 words per page double spaced)