60s and 70s

Throughout the sixties and seventies Japan’s economy continued to expand and to grow at an almost alarming rate as compared to the rest of the world. While the average exports in the world grew at a rate of approximately 8% annually, the Japanese recorded a growth of nearly 16%, which is greater than that of any other industrialized nation in the world. This leap was not nor has it ever been startling or brilliantly dazzling. The regular progressive movement has been occurring since the fifties. Textiles were the first movement, and cheap labor produced a product of a comparable quality and more inexpensively than was able in the West. The markets for other products were then taken from their traditional manufactures and became specialties of the Japanese. Industrial production rose 300% higher from 1962 to 1971. More recently, the reasons for this spectacular export performance are the variety of Japan’s industrial output, the shift to products with a relatively high added value, and a higher export competitiveness and advanced sales and advertising techniques have all helped. By the early 1970s, Japan was the world’s largest producer of ships and a leader in the production of steel, cars, and electronic equipment.

Matthew Perry
Meiji Restoration
World War I and inter war years
World War II
Allied Occupation
80s and varied treaties
Currently and US trade deficit