this post was submitted on 02 Mar 2024
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Answers will be at different stages of Japan's history.
Japan was considered isolationist by Western colonists for quite some time and succeeded in delaying all forms of colonization until basically the mid-1800s approximately around the beginning of the Meiji Restoration. The same playbook was followed in Japan as towards other colonized countries: forced to abandon tariffs and sell off lands and companies to foreign powers or we will destroy you with our Navy (this time, the US Navy). The Meiji Restoration was in many ways a reaction to this and bolstered Japan's own military power to reject much of the colonial policies that had been forced upon them. There is of course more to it than this, and much about their economic base, but their military power and deciding to use it to secure their own trade positions is what guarded them against the extraction and travesties that their neighbors suffered at the hands of European powers.
Japan fully reoriented around becoming its own imperial power beyond the borders of Japan. It was carving out its own sphere of influence and this was so fully at odds with US imperialist interests that Lenin famously predicted a war between them. Japan set out and did its own version of imperialism on its neighbors, famously in Manchuria and Korea and then eventually carrying out the full-scale assault and expansion during WWII.
You might then wonder why Japan kept a high economic status after the war given that it was the US' rival and that a "strong Japan" had been directly against its interests. The answer to this question is anticommunism. The US took every foothold they could to maintain forward bases against (first) the USSR (who actually forced Japan's surrender), (second) China, and later Korea. That included maintaining sea and air power throughout the Pacific, in Japan, in Taiwan, and taking over European colonial outposts in places like Singapore and Indonesia. Japan in particular got the Marshall Plan treatment of getting built up to act as a counterbalance to the neighboring communist countries, receiving a steady stream of stimulus from the imperialists and hosting US military bases and personnel.
This is, more or less, why Japan has kept its economic status. It's no guarantee, of course. The US deliberately crashed their economy in the 90s because they were outcompeting them on key industries.
Wait, how was the 90s crash deliberate? I know nothing about it but the basics but this sounds wild.
the US has like 600 military bases on the island so it can force them to do whatever it wants
That's not really an answer to the question. Are you implying that the US military threatened Japan into crashing its own economy? I don't think that's how that would work.
That's how it works, just with extra steps
Sure, but I wanna know the steps
The main thing is that Japan was an export-oriented economy, that was growing at a rapid rate all throughout the 70s and 80s, and it was seen as a threat to the US, particularly the U.S. manucturing companies. Japan was able to do this in part because their currency was kept at a low value, which meant that japanese products were cheap to import to the US, and due to Japan having heavy public investment in making sure that their products were cheap (they were world-leading in manufacturing automation for a long while) this meant that American companies couldn't compete against Japanese products. Then the Plaza-Accords happened, which, among other things, meant that Japan could no longer keep the value of their currency low, and along with some relaxations on real-estate speculation, meant that Japanese companies could no longer compete on price with the US, which meant that a shitload of their excess money went into real estate speculation instead, which caused the largest property bubble in Japanese history (I think at one point the Imperial Palace in Tokyo was technically worth more than the entirety of the GDP of the state of California). The bubble then naturally burst, but since Japan could no longer export their goods to the West to the same degree that they previously had, and with China taking up all the lower levels of the manufacturing chain, there was nothing for the japanese economy to actually produce, leading to the current stagnation.
A lot of people, particularly on the left, believes that the Plaza Accords were such a monumentally stupid decision by the Japanese government, because it didn't benefit Japan in any way and basically worked as an economic death sentence, leading us to conclude that the agreement must have been signed under some form of duress, which would be easy to do for the country that basically has an army occupying part of it.
I'm assuming they are talking about one of the major factors, the Plaza Accord