Rapid Economic Growth Of Japan After Ww2 Essay

Was American Aid the major reason of rapid economic growth of Japan after WWII?

Japan’s Second World War (WWII) started in 1937 when she attacked China. Japan conquered Northern China and most of the South East Asia afterwards. In December 1941, Japan attacked US and European Territories in the Pacific Ocean. Japan then quickly conquered much of the Western Pacific. However, in 1942, Japan lost a critical Battle of Midway near Hawaii. During 1944 and 1945, Japanese began suffering major reverses in mainland Asia in Burma and South Central China whilst the United States defeated the Japanese Navy and captured key Western Pacific islands.

On 6-9 August 1945, US dropped two atomic bombs on Hiroshima & Nagasaki with the approval of Harry S. Truman, who was the US president at the time. It led to Japan surrendering unconditionally on 14 August 1945.As a result, US Occupation of Japan

Most of the historians agree that the US was the major reason for the revival of Japanese economy. However, there are historians who think differently. They credit Japan’s success to the following factors.

The jewels of the Japanese unique management style formally known as lifetime employment, seniority wages and enterprise union are often cited as significant factors in reviving Japanese economic recovery.

Lifetime employment system worked to the equal advantage of both employers and employees. Employers got the loyalty, skills and commitment of the employees while employees were able to secure their jobs and get a reasonable salary. Enterprises anticipated that there would be same employee working their whole life for the same enterprise, therefore, there would be enough chances to get the substantial investment in time and money spent on training. As a result, enterprises were able to fully utilize their resources and able to increase their