1. THE DEVELOPMENT OF JAPANESE CAPITALISM AND THE INFLUENCE OF
... Japan. "By the end of the Pacific War the volume of Japan's industrial production was less than thirty per cent of her output in 1936. Tokyo was literally three quarters flattened. The Japanese Navy was at the bottom of the sea and so was most of the merchant marine" (Yoshihara, 1939). ... The Japanese had no exports, no foreign trade, and inflation destroyed all of Japan's private savings. The total estimate of damage caused by the Pacific War to the Japanese ... averaging close to 12%. The main factor behind this growth was rising capital investment, used for major outlays designed to b...
- Word Count: 2410
- Approx Pages: 10
- Has Bibliography
- Grade Level: Undergraduate