What are economics consequences of post-war the country will face, like Japan after WWII?

Question

Is Japanese currency one of the consequences of WWII? Plus, give me more about what Japan faced the economics consequences of WWII.

Answer 1

yes japan currency drop down because they failed to win the war .. war is more of a business than a war itself ... its a professional game that includes great sorrow and international same and national loss of control ... and even freedom will be taken away from you ..

after a war , a country can still stand-up economically , if that country belongs to a fair climate place , like japan .. because fair climate will not affect your race intelligence .. so your people can still invent and compete with products internationally and win some markets ... that will truly help you economy ...

think about japan as a fair climate country .. after 1950 , their people recovers their economy after 20 to 30 years ... while Philippines which is a hot country .. after the war until 2006 ... didnt move in international competition againt technological products ... bcause its hot climate .. the people was and still cannot invent compettitive products ...that cannot win markets and cannot help the nations economy ..

the key of post war economic rebuild is the nation's people ... when your people cannot invent products becuase of hot climate that affect their intellignece .. then post war economy will still be the same as no war ...

JApan was rich beofre WW2 , and after WW2 or 1970 japan was back in economic and product competition because their people is capable of INVENTING , creating quality products ...

its the PEOPLE , Climate ... not the WAR or President that can help you build back youe economy ...

Answer 2

Japan is an interesting case of how a non-winner of a conflict tends to outperform the victor. Pre 20th century political thought held that the victor's economy would benefit from the colonization of the new nation. Instead, like Japan, the infrastructure that requires resources to be spent on war-making is directed towards rebuilding and value production. Immediately after the war, Japan was very poor. Industry was fragemented into small family firms. The US did aid Japan, as well as suppress many of the atrocities that the Japanese military committed to prevent a Nuremburg like trial in the hopes of speeding Japan's recovery. Initially I believe that Japan's currency was a script system established by the US controlled infrastructure, later reassigned to the newly formed democratic Japanese government.
What we see as Japanese ingenuity, technology and focus on culture arose in the late 60's, early 70's. Management consultants, like William Demming, began to influence Japanese industry with some of their unconventional (for the time) ideologies about production and competition, which the US later rushed to follow in the 80's and 90's.