Economy in Tokyo
- After World War II, the allies occupied Tokyo for 7 years to help revive the economy, which led to the "Economic Miracle"
- Through the post war period the economy boomed, prompted by the impact of the Korean War
- - Economic progress--> rise in living standards, and the stabilization of the dominant ruling party
- - Publishing industry--> highly successful to the nation and the world
- - Books, magazines, and newspapers are published and sold in Tokyo
- -oil crisis rocked the oil dependent Japanese economy, which shifted to high technology industries
- -TV and Radio stations broadcast from Tokyo
- -also center of Japan's flourishing film industry
- - In the last two decades--> Japan was rocked by a major earthquake at Kobe--> religious gas attack on Tokyo subway--> 2011 Tsunami and nuclear disaster at Fukushima
- -Created high unemployment and economic instability
- - Housing shortages were solved by a program to create a series of urban subcenters, retail hubs, and satellite towns
- -Pollution forced large manufacturers to relocate out of the city
- Heavy industries—> metals, chemicals, machinery, transportation equipment, and oil refining—> located in Chiba, Kawasaki, and Yokohama.
This image shows real stock prices in Tokyo