Economic miracle of Japan

1.

Economic miracle of Japan
@Nikolai Miazin, PhD in History

2.

Terms
miracle - чудо
unconditional surrender - безоговорочная капитуляция
reparation - репарации (выплаты страны-агрессора победителю)
food aid - продовольственная помощь
disarming - разоружение
custom tariff – таможенный тариф
subcontractor - субподрядчик
keiretsu - кэйрэцу (финансово-промышленная группа)
unprofitable - убыточный
lifetime employment - система пожизненного найма
trade union - профсоюз
real-estate bubble - пузырь на рынке недвижимости
deflation - дефляция (снижение цен)

3.

Occupation of Japan (1945-1952)
• no reparation
• disarming
• food aid for 12 bln $ (adjusted
for inflation)
• economic liberalization

4.

Cold War (1947-1991)

5.

New economical conditions
Results of WW2:
-low customs tariff
-rejection of coloinies
Former colonies

6.

Economic miracle of Japan

7.

Overtime work
• 25 % of man worked more 60 hours a
week
• Not customary to leave work before the
boss
• short-timer vacations
• extra overtime work was the reason of
heart attack

8.

High speed railway since 1964

9.

Japan real-estate bubble (1986-1991)

10.

Life without economical increase (1991- nowadays)
• cultural development
• depopulation
• no migrants
• high life conditions