EVOLUTION OF JAPAN'S POLITICAL SYSTEM AFTER FIRST "OIL SHOCK" (1973-74)
The continuous years of steady economic growth in postwar Japan came to an unexpected end with the 1973 "oil shock" crisis. The October 1973 war in the Middle East led OP
THE FALL OF THE LDP IN 1993
In June 1993, a political earthquake hit Japan. 39 LDP MPs voted against PM Miyazawa in a vote of confidence. Miyazawa then dissolved the parliament and called for new elections in July 1993. The LDP then lost the J
CAN JAPAN COMPETE?
By M. Porter, H. Takeuchi, & M. Sakakibara
In the 1970s and 1980s Japan was acknowledged to be the world's most competitive nation. 2 explanations were offered: 1. Its distinctive form of bureaucratic capitalism, in which the g