Japanese economic history

In the history of lacquerese stinting system is for 17 days from 1920 to 1937. Japanese preservation bequeath be hit by ternary bear-sized depressive disorders, ultraconservative depression (1920 depression), ? Financial crisis, and ? Shows Depression, by and by the struggle ? , and exit experience long-term depression in this period. The one-eyed postwar reactionist depression which occurred for 1920 (Taoist 9) years Is the depression which do the cause the sparingal break come in of during the war and the postwar period.As for the Japanese economy of the ass, a protracted economic slump will continue starting with this depression. The global supply deficit of 1920 previous terra firma war I (1914 o 18 years) made Japans export expand, and It led It to prosperity. Expansion of requirement changed Japan from the agricultural res publica of prewar days to the Industrialized country. Moreover, the labor shortage by expanding motive moved the farmer to the city, an d supported city development greatly.However, when World War I held the end of the war and It entered In the ass, western sandwich countries reorganized internal production and It reduced the demand to Japan. In Dalton to the reduced demand from Western countries, an dissipation of imports by resumption of import decreased the Japanese specie, and caused the condescend of a money order and outstations on commodities. In this way, Japanese economy will fall into a protracted economic slump. Moreover, this depression will deal a blow to many companies, and will drive them in to a breakdown.Moreover, although a return of the specie standard by the lifting of the gold censor was desired as a amount against reactionary depression, a ban was not removed on the situate or unknown trade business which were faced with the dormant capital at this time. (After World War l, the countries of many including the united States returned to the gold standard one aft(prenominal)ward another, and formed the axis of naked international finance. Then, the Great Kant Earthquake occurred for 1923 (Taoist 12) years, and an excess of imports became increasingly large so that this might be attacked.The government proclaim the Bank of Japan seism identity card discount-lost the government compensates a neediness of the Bank of Japan for less than 100 million yen at the same time the Bank of Japan does rediscover influence of the crinkle (earthquake bill) whose earthquake disaster victim is an obligator and it postpones collection as a measure to the companionship which suffered the serious deterioration caused by an earthquake disaster. However, the earthquake bill recessing problem arose by this Imperial edict.In the note processed as this earthquake note, many notes of the company and the manager who became bad loans under the influence of reactionary depression were Intermingled. It Is In / In order to pr eventidet the breakdown of the company by this, or a bank / an every place considered as 2 million yen or more In the outcome of the bank which has a head office In a big city these standards It cannot fill, either a duty of a bank was impose so that capital Increase and a merger might be performed wealth five years and the standard might be reached It went Into substance and Inland banks were cut down.However, by Improper language disturbance of finance Minister Kate after the Tokyo Waterman bank is actually closed, the bank commission by the depositor banks were obliged to closure and also had the bank which results even in a breakdown. This depression that occurred for 1927 (Shows 2) years is the second financial crisis. It was ceaselessly hit by two depressions after the war with reactionary depression and a financial crisis, and in order to reorganize the Japanese economy which the foreign outflow of the specie was aggravating, Minister-of-FinanceJunketed Onion of the Coachs Humanistic civil institution intermarry big building pushe d the lifting of the gold embargo. It is ordered in the root word of Junketed Onion who performs a tight financing insurance, and 1929 in the lifting of the gold embargo (Finance Ministry Ordinance of the purport that a ban is removed on gold export from January next year 1 1 and Japan also makes the gold standard return at last after the war.However, the business of the United States which began to lead the world instead of Britain retreated, and when the New York computer memory Exchange slumped n connection with it, the global Great Depression occurred after the war. In this way, Japan will be involved in the global Great Depression simultaneously with the lifting of the gold embargo. This is Shows Depression which occurred for the third 1930 (Shows 5) year. Moreover, in industry, the silk industry in which the demand from the United States occupied most suffered the damage caused by this Shows Depression most.Then, social problems, such as unemployment, selling themselves, a nd an malnourish schoolchild, also occurred, and the Japanese held economical / social uneasiness and were troubled with poverty. Aiming at escape from this Great Depression, Minister-of-Finance Kookier dashiki of the Toughs Incubi Friends of Constitutional Government Party console table starts an expansionist fiscal policy. First, Dashiki re-forbade export of gold in 1931, after Britain stopped the gold standard.The managed property system and red-ink bond which were saucily introduced instead of the gold standard and which are not bound by the quantity possessed of a specie enabled reservation of the source of receipts stabilized for performing an expansionist fiscal policy. Dashiki performs the spending policy which plans economic recovery by expanding annual expenditure based on these goods. The war expenditure expanded by the Manchuria Incident which broke out in Shows Depression in 1931 made the annual expenditure by the government increase.This annual expenditure that inc reased, I. E. , an effective demand, increased the demand for breed of hole-and-corner(a) enterprises, and it led Japanese economy to inflation. The demand for fund of private enterprises is connected to the employment to Jobless people, and Japanese economy began to incline to prosperity. However, free circulation of the inconvertible paper money by the red-ink bond and managed currency system which continue increasing will depreciate the exchange consecrate of the yen, and we will be anxious about a vicious inflation.To this, although Dashiki aimed at reduction of a red-ink bond and a war expenditure, he was assassinated. Although Minister-of-Finance riding ground ? 1 of the successor Koki Horror new Cabinet performed reduction of the public loan, expansion of the war expenditure was continued. Although the demand to heavy and chemical industries also increases with war expenditure expansion, since it did not look at up with it, the controlled economy (direct intervention to a governmental economic process) will start.In this way, the Japanese economy in accomplished senior high school including a spending policy, though the blow was received in ternion big depressions.