Browse By

Tag Archives: Yen

Shigeru Yoshida and the Conservative Client State

Shigeru Yoshida’s second premiership from 1948-1954 was one of the most transformative in Japanese history, taking the nation from its progressive, unstable early postwar era into a long period of entrenched conservative rule, ostensibly exercising independence but in reality functioning as a client state absorbed into the informal American empire.

Tsuyoshi Inukai and the Murder of Democracy

From 1931-1932, veteran politician Tsuyoshi Inukai served as prime minister, attempting to manage the multifaceted international crisis. While he made significant progress in coping with the Great Depression, the military slipped entirely out of control. A group of young officers effectively ended this period in Japanese democracy with direct political violence.

Japan Becoming Military Spending Great Power

Japan plans to massively increase its defense budget over the next four years, climbing into the ranks of the highest-funded national militaries. Depending on developments–and future currency exchange rates–there is even the possibility that Japan could soon rank as the No. 3 military in the world as measured by its budget.

An Epitaph for Kishida’s New Capitalism

The Kishida government has declared that all Japan taxpayers have a “responsibility” to support its policy of dramatically increasing military expenditures, accepting the premise that Japan’s neighbors are likely to launch an armed attack unless deterred from doing so. This marks the effective end of “New Capitalism.”

Searching for Japan’s Covid-19 Transformations

Immediately after the 1923 Great Kanto Earthquake, many began to imagine a physically and conceptually transformed Tokyo. While we may be nowhere near the end of the slow-motion train wreck that is Covid-19, imagining a post-pandemic Japanese society that can benefit citizens is the beginning of revitalization, and hopefully, a more substantial set of transformations.