Miti

lacquers Ministry of International Trade and Industry (MITI) was form in 1949 in an effort to recover from the postwar inflation. It is considered the n primaeval on influential of Japans government units. Its role was to grant leadership and assistance for the restoration of industrial productivity and employment. They were prudent for the regulation of production and distribution of goods and services. The Ministry of Finance established depressed interest rates that helped reduce the cost of investment finances to corporations which promoted industrial expansion with the help of MITI as they control Japans foreign trade and supervised international commerce. The early postwar years were devoted to rebuilding the lost industrial capacity. It was during the 1950s and 1960s when the Japanese government devised complicated placement of policies to promote industrial development mainly for private firms. The tenableness behind their actions was to gain an international advantage for Japan. These policies that were devised were used to affix the productivity of inputs and to influence industrial investment.

The close transactionhip that MITI had among Japanese industry led to foreign trade policy in which MITI helped protect them from import rivalry, technological intelligence, help in licensing foreign technology, access to foreign exchange and assistance in mergers. These policies helped promote domestic industry and protected it from international competition during the 1950s and 1960s. Japans foreign policy goals during the early postwar period were to regain economic viability and to establish it credibleness once again as a peaceful instalment of the world community. Japans international economic relations in the first three decades after World warfare II were shaped mostly by two factors: the wishing of domestic raw materials and the determination to catch up with the industrial nation of the West. Trade played an important role in Japanese economic development after the... If you want to draw a bead on a full essay, order it on our website: Orderessay

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