The paper "International and Pacific Asian Business - Japan" is a great example of a business case study. Prior to the interaction with the European countries, Japan had a wealth of blacksmiths who were the first wonder that the Portuguese experienced once they set their feet on Japan. This was out of the metal richness and constant interaction with China who was also good at blacksmith activity. The following periods; Edo and the prewar period, were critical to the development of Japan as it is at this time that merchant trade, banking, foreign trade, and urbanization thrived in Japan.
For a hilly and rocky country, this was not enough (Chris, 2010, 21). The effects of war had their toll on the country which was densely populated; relatively reducing its masses and the development the country had attained with the Mejia leadership (William, 2009, 36). Thus the post-war development (1945 to date) has been a subject of economic study to many economists as the country has grown to be in the top three in almost all areas that are; national GDP, electronic production, economic growth, financial assets and production of a motor vehicle.
This paper analyses the factors that have contributed to the immense growth in the country and the effects of both these factors positively and negatively (Elise, 2008, 96). Japan in the 1950s The post-war period was important to the budget of Japan as one of the important and consuming budgetary allocations were not being catered for by the Japanese government. After the surrender of Japan, America had taken to cater to the defense expenses of Japan. This enabled the leadership to embark on one of the two factors that the Mejia leadership was involved in; rich country and strong army (Chris, 2010, 62).
With the strong army being catered for by the American government, the wealth creation for the country was the major factor that is considered. While this was a good gesture to the Japanese government, it was also a sign of dependence of the country, the country could not pride in having to guard its borders and this could come as ridicule to the government from the neighboring states.
The move had seen the decommissioning of the Japanese navy and the imperial army under the Treaty of Mutual Cooperation and Security between the United States and Japan. However, the American forces were to work with Japan’ s self-defense force. The self-defense force was established after the end of the Korean War at the command of Douglas MacArthur the supreme commander of the forces in Japan. Japan has since strengthened its army and the operations of the USA in the country have reduced. Industrial policies The industrial policies in Japan are overseen by five major ministries that are related to trade.
These ministries are the Ministry of Finance, MITI, Ministry of Land Infrastructure and Transport, Ministry of Health, Labor and Welfare, and the Ministry of Posts and Telecommunications. The involvement of the Japanese government in trade is occasioned by the influence of the rich in trade which creates a threat to the economy since they have traditionally given credit to the economy at will and denied at will (Chris, 2010, 51). This has been termed as Japan Inc internationally as the government has been able to tame the few rich individuals and created an almost even economy.
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