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Japanese billionaires used to call the shots.
They were leaders in innovation, whose products attracted a dedicated base of international
customers.
But that was then. This is now.
They’ve been eclipsed by American tech giants building their own rocket ships and Chinese tycoons
dominating our lives with super-apps.
But considering how long Japan isolated itself from the global market, it’s still impressive how they
emerged from business obscurity at all.
It’s even more impressive when you realise they’d already done it before.
There’s every reason to think Japanese billionaires will reclaim the world stage in the future. Then
again, Japan could ruin itself by repeating its same mistakes.
So how did Japan go from hermit kingdom to trading giant? What caused the rise and fall of their
financial elites? And did Japanese billionaires change the world more than they get credit for?

It’s time to Learn How History works as we audit “How Japan Went From Poor to Rich to Poor To
Rich”.

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#japan #History #business

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Written By: Sam

Video Created By:
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Editor: Cardan
Media Gatherer: Andrea Rivas

Footage Courtesy of: Getty Images

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1. htps://www.britannica.com/biography/Mathew-C-Perry
2. htps://www.archives.gov/exhibits/featured-documents/treaty-of-kanagawa
3. htp://afe.easia.columbia.edu/special/japan_1750_meiji.htm
4. htps://www.sjsu.edu/faculty/watkins/zaibatsu.htm
5. htps://www.pbs.org/wgbh/americanexperience/features/macarthur-occupa�on-japan-and-
constitution/
6. htps://www.jstor.org/stable/2642940
7. htps://hbr.org/1998/01/reinterpreting-the-japanese-economic-miracle
8. htps://www.britannica.com/topic/Sony
9. htps://www.smithsonianmag.com/innovation/walkman-invention-40-years-ago-launched-
cultural-revolution-180972552/
10. htps://www.imf.org/external/pubs/nft/2003/japan/index.htm
11. htps://www.lofficielusa.com/film-tv/wework-scandal-scammer-timeline-wecrashed-apple-tv-jared-leto-anne-hathaway
12. htps://theconversation.com/china-why-the-countrys-economy-has-hit-a-wall-and-what-it-
plans-to-do-about-it-225623

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