Economic Development Of Japan

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1. Introduction
Japan has very significant characteristics in terms of their economic power either in the Asia- Pacific region or around the world. After World War II the Japanese economy was deeply affected by shortages, inflation, and currency devaluation means that Japanese economy was bankrupt position. Therefore, Japan passed under the control of US in the post- Second World War period. From this point, economic transformation or recovery or development has started in Japan with the impacts of US and Japanese governments. Besides this economic aid, US also guided Japan in democratization and demilitarization whereas Japanese government had direct role dealing with those developments different from what happened in Germany at that time. What it means that is Japanese government had played interventionist role into economy. On the other hand, one of the significant reasons of why US needed to help former enemy is the fact that after the WWII was the beginning of the Cold War and Russian presence was in the region. That’s why US made their contribution in order to revive Japan.
Economic recovery of Japan after Second World War can be divided into periods. As Kenichi Ohno states that 1945-1947 recovery period, Korean War in between 1950-1953, after this war Japanese economy had entered into high growth period and it basically lasted until 1970s. Throughout those years Japanese government attempted to achieve economic development with the implementing economic control and economic planning. At the second part of my research I will mention about economic development in order to have general framework what policies were implemented.
We cannot think that there would not become social outputs of economic development. Economic i...

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...is part is the most prominent part of my paper and I will try to demonstrate how post-war economic development affects Japanese society with some examples in some cases. In order to have an idea about social impacts, I tried to explain and analyze economic development process after WW2 in Japan in the second part. Afterwards I will deal with its social consequences in this part. As I tried to mention in the introduction, social transformation is not linear. It has ups and downs or positive and negative impacts over society. If Japan has economically been developed Japanese society has not benefitted from development right rate. While some Japans have been living in prosperity, the others were suffering on the other way. Especially in 1960s, people were enjoyed with this economic development, but upcoming years the system created its own victims in Japanese society.

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