HIST 1130 Lecture Notes - Lecture 11: Shigeru Yoshida, Hirohito, Marshall Plan
22 Oct 2018
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Document Summary
Article 9 prevents japan from extending its military in asia. Japan becomes american protector provided japan many economic benefits. Pm shigeru yoshida, 1948-1954, called korean war a gift from the gods because of the economic benefits. Japanese islands used to launch attacks toward korea by us. Liberal democratic party, 1955 in 1955, two japanese parties unite, forming the liberal democratic party right-wing party. Japan aided in economic boom post wwii by us. 1947-1952 receives approximately 2 billion dollars from us through marshall plan. Us had market in japan for their goods. Japan is an economically powerful regional ally to the us. 1950-1975 fastest economic growth rates ever for a major economy economic output in japan triples during this 25 year period. Wages triple as well entire society benefited not just the wealthy. Japan has very high saving rates as well, average saving rate was 20% of income.
