The Extraordinary Demand for Korean War and the Prosperity of Japanese Economy
MA Huan-ming
Abstract
MA Huan-ming
Abstract
After the World War Two, Japanese economy slumped down to the swamp and there was a intensified inflation. So it wants to restrain its currency, but this caused a bad effect which made its economy turn into a stable crisis. Korea War produced a great chance for Japanese economy during which Japan becomed a source of the goods and materials and a military base. The extraordinary demands stimulated the total demands in society, increased the production and the number of the employment, and at last Japanese economy was greatly pushed.
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After the World War Two, Japanese economy slumped down to the swamp and there was a intensified inflation. So it wants to restrain its currency, but this caused a bad effect which made its economy turn into a stable crisis. Korea War produced a great chance for Japanese economy during which Japan becomed a source of the goods and materials and a military base. The extraordinary demands stimulated the total demands in society, increased the production and the number of the employment, and at last Japanese economy was greatly pushed.
Key concepts: Prosperity, Economics, Inflation (cosmology), Economy, Currency, Japanese post-war economic miracle, Consumption (sociology), Chinese economy