Download Britain and Japan in the Twentieth Century: One Hundred by Phillip Towle, Nobuko Margaret Kosuge PDF

By Phillip Towle, Nobuko Margaret Kosuge

ISBN-10: 1845114159

ISBN-13: 9781845114152

After the horrors of worldwide struggle II in Asia and the appalling mistreatment of Allied prisoners-of-war via eastern infantrymen in the course of international conflict II, few might have expected that Britain’s dating with Japan may flourish right into a booming partnership of financial interdependence via the beginning of the twenty-first century.   This formidable exam of Anglo-Japanese relatives over the process the twentieth century charts the attention-grabbing historical past of the way either international locations overcame a long time of prejudice and sour clash to shape a bond fused by means of monetary, political and army cooperation. within the Nineteen Thirties, many jap turned confident that their exports have been being saved out of India by way of British price lists and it used to be now not until eventually the Eighties that the British executive totally permitted the futility of any protectionist impulse and inspired eastern businesses to take a position in Britain. this present day every one nation not just assists the opposite economically but additionally not blames the opposite for its personal household difficulties.  

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Extra resources for Britain and Japan in the Twentieth Century: One Hundred Years of Trade and Prejudice

Example text

Many obstacles existed to Japan’s sustaining her remarkable progress of the war years, let alone using it as a platform for further development. Problems stemming from Japan’s position as a late industrializing economy were widely recognized in both Britain and Japan. 3 The chapter will start with a brief overview of the effect of the First World War on the functioning of the international economy, and the positions of Britain and Japan within it. Particular attention will be paid to the impact of wartime conditions on the Japanese economy, and the way in which they acted as a stimulus to longer term growth.

25 It was the efforts to achieve this goal that impelled both Edward VII, who after all was related to the Russian dynasty, and Lord Lansdowne to praise Cassel, Schiff and the others for their ‘admirable arrangement’. The first Russo–Japanese war loans were issued on 11 May 1904, one-half by Parr’s Bank, HSBC, and the Yokohama Specie Bank in London, and the other half by Kuhn, Loeb in New York. The Japanese government, desperately in need of money to meet wartime expenses, agreed to terms it would not have accepted three months earlier.

Practically all the existing mills are fitted with British machinery, and the workers are now so thoroughly accustomed to its use that although there has been a good deal of talk about introducing American machinery, it is unlikely that such a drastic step will be taken – at least in the near future. 25 The war itself therefore posed limits to import-substitution industrialization. But even allowing for Japan’s ability to supply, her 25 Janet Hunter manufacturers did not always provide exactly what the British or Empire purchaser wanted; in other words, the output failed to reach the required standards.

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