What was the effect of the great depression on japan’s ability to trade for raw materials?

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journal article

JAPAN'S ECONOMIC POSITION AND PROSPECTS

Geography

Vol. 19, No. 2 (JUNE, 1934)

, pp. 87-95 (9 pages)

Published By: Geographical Association

https://www.jstor.org/stable/40561407

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Journal Information

Geography is the academic journal of the Geographical Association. It is published three times a year and aims to re-energise the subject at all levels of education by stimulating dialogue and debate about the essential character and contribution of the subject. The content is relevant to geographers and educationalists in schools, colleges and universities worldwide and to those involved in teaching, curriculum development, advanced study and research. The articles provide scholarly summaries and interpretations of current research and debate, explore the implications and consequences of changes in the subject and foster a critical and analytical approach to the subject.

Publisher Information

The Geographical Association, is a subject association with the objective of furthering the study, learning and teaching of geography. It is a lively community of practice with over a century of innovation behind it and an unrivalled understanding of geography teaching. The GA develops geography subject leadership at all levels, from new teachers during their initial training, to geography co-ordinators in primary schools and secondary heads of department. The GA publishes a wide range of resources. Every year the GA runs an extensive programme of CPD events across the country. The GA engages with policy makers and government ministers to constantly make the case for geography

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Geography © 1934 Geographical Association
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journal article

EXCHANGE RATE AND ECONOMIC RECOVERY OF JAPAN IN THE 1930s

Hitotsubashi Journal of Economics

Vol. 35, No. 1 (June 1994)

, pp. 1-22 (22 pages)

Published By: Hitotsubashi University

https://www.jstor.org/stable/43295966

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Abstract

This paper investigates why Japan's recovery from the depression of the early 1930s was so quick. A simple macromodel is constructed and carefully estimated. A dynamic simulation analysis is conducted in order to evaluate various causes of recovery. It is found that the recovery of Japan owed mainly to both deficit spending and expansion of exports, while the contribution of a rise in profit rate (fall in real wage) or low interest rate policy is rather marginal. The expansion of exports was ignited by exchange rate depreciation, but their sustained growth was due to development of markets in colonial and semicolonial regions based on capital exports from Japan.

Journal Information

The Hitotsubashi Journal of Economics was first published by Hitotsubashi University in October 1960. Now, it is published bi-annually and is open to all researchers in the field of economics. In particular, The Hitotsubashi Journal of Economics has acquired a reputation for excellence in economic studies that concern empirical, theoretical, and/or historical aspects of the Japanese and Asian economies. Currently, its editorial board is jointly operated by the Graduate School of Economics and the Institute of Economic Research and offers a reasonably quick and fair assessment of manuscripts in most economic fields.

Publisher Information

Hitotsubashi University is a national university corporation, specializing comprehensively in the social sciences and humanities. Since its foundation, Hitotsubashi has been at the forefront of Japan’s innovation. It has been a powerhouse for generations of Japan’s globally active business leaders as well as a research hub producing cutting-edge research in the global academic network of the social sciences. Established: 1875, Faculty:About 670 faculty members, Students: About 6,400 Hitotsubashi University is made up of 12 principal academic units – four faculties, seven graduate schools and one institute.   - Commerce and Management (Faculty, Graduate School)   - Economics (Faculty, Graduate School)   - Law (Faculty, Graduate School)   - Social Sciences (Faculty, Graduate School)   - Language and Society (Graduate School)   - International Corporate Strategy (Graduate School)   - International and Public Policy (School)   - Institute of Economic Research

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Hitotsubashi Journal of Economics © 1994 Hitotsubashi University
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How did the Great Depression impact Japan?

Thus, the Japanese economy suffered debilitating effects from two sources, the impact of the worldwide depression and the appreciation of the yen associated with the return to the gold standard. The consequences, economically, were abrupt deflation and a severe contraction of economic activities in 1930 and 1931.

How did Japan react to the economic impact of the Great Depression?

Japan achieved an early recovery from the Great Depression of the 1930s. A veteran finance minister, Takahashi Korekiyo, managed to stage the recovery by prescribing a combination of expansionary fiscal, exchange rate, and monetary policies.

How did Japan obtain the raw materials needed for industrialization?

Unlike England, who had an abundance of coal and other natural resources necessary for industrialization, Japan had very few of these raw materials. Instead, the Japanese traded for raw materials to fuel their factories and make their products.

When did the Great Depression affect Japan?

Showa Depression 1930-1932. Japan experienced the deepest economic downturn in modern history during 1930-32.