By Ryoshin Minami

In this ebook Minami reports the final hundred years of Japan's striking monetary development from the Meiji interval as much as the current day. First he unearths the criteria which account for Japan's profitable monetary take-off throughout the Meiji interval. Secondly he explains why Japan accomplished a extra swift fee of financial progress than different built nations. This kinds the most important a part of the e-book and may curiosity these humans within the constructed international locations who've felt the entire strength of Japan's export force and whose personal industries are hence in decline. eventually the writer evaluates the result of Japan's financial development and makes predictions for its destiny. The ebook makes a finished survey of the japanese adventure within the pre- and postwar classes and issues out classes not just for built international locations but additionally for constructing international locations suffering to accomplish an analogous take-off.

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The extent of education is, we believe, the major reason for the quality 18 An Overview of Economic History of the labour force. In the Tokugawa Period the ordinary people were educated in terakoya, classrooms set up in people's houses in which reading, writing, and the abacus 5 were taught. Most terakoya were run by priests or samurai, and they usually had between twenty and fifty pupils. By 1868 there were between 12 000 and 13 000 terakoya with a total of 837 000 pupils. 6 It is estimated that at this time 43 per cent of male children and 10 per cent of female children received education in these institutions.

Thus the government created a modem financial structure. Before the mid-1880s commerce and finance had already made considerable progress, and therefore helped to prepare the way for industrialization. At least one aspect of commercialization, however, lagged behind. g. general trading companies) had to be built up after industrialization had begun in earnest (Ch. 7, Sec. 3). Finally we must mention changes in the management of companies in mining, manufacturing, transport, commerce and finance.

Furthermore the high rate of agricultural growth continued, assisting modem economic growth in its early years. 2 Manufacturing Industry What industry there was in the Tokugawa Period was carried on as a byemployment in agricultural areas, mainly through the domestic system. This can be seen in the spinning, reeling (silk), weaving and ceramics industries. Merchants in the towns supplied spinning-frames, reelingmachines and looms to farmers, and paid them by the piece. Cotton spinning and weaving was common in Kinai (present-day Kinki region), Mikawa and Owari (these two make up present-day Aichi Prefecture); silk reeling in Fukushima, Gunma and Shinshu (present-day Nagano Prefecture).

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