Japanese Economic Miracle: Industrial Growth and the 1973 Oil Shock (1950–1973)

1. San Francisco Peace Treaty takes effect

   Apr 28, 1952Labels: San Francisco, Japan sovereignty

   • Treaty SF
   • US Japan Security

2. Japan enters GATT, expanding trade access

   Jan 1, 1955Labels: GATT, Japan trade

   • MOFA 1985
   • METI History

3. LDP formed, stabilizing pro-growth governance

   Nov 15, 1955Labels: Liberal Democratic, 1955 system

   • LDP
   • 1955 System

4. Japan admitted to the United Nations

   Dec 18, 1956Labels: United Nations, Japan membership

   • Japan UN
   • UN Press

5. Revised U.S.–Japan Security Treaty takes effect

   Jun 23, 1960Labels: US Japan, Security alliance

   • 1960 Treaty

6. Income Doubling Plan launches rapid-growth agenda

   Dec 27, 1960Labels: Income Doubling, Hayato Ikeda

   • Income Plan
   • TIME 1961

7. Japan joins the OECD as first Asian member

   Jan 1, 1964Labels: OECD accession, Japan OECD

   • MOFA OECD
   • OECD Japan

8. Tōkaidō Shinkansen begins service

   Oct 1, 1964Labels: T kaid, high-speed rail

   • Tokaido Line
   • Japan Embassy

9. Tokyo Olympics showcase postwar modernization

   Oct 10, 1964Labels: Tokyo Olympics, 1964 Games

   • Tokyo 1964

10. Pollution control framework enacted amid rapid growth

    Jan 1, 1967Labels: Basic Pollution, environment policy

    • MOE Outline
    • MOE 1993

11. Nixon Shock disrupts fixed exchange rates

    Aug 15, 1971Labels: Nixon Shock, Bretton Woods

    • US Historian
    • Nixon Shock

12. Smithsonian Agreement revalues the yen

    Dec 1, 1971Labels: Smithsonian Agreement, yen revaluation

    • CIA Memo

13. Japan allows the yen to float

    Feb 13, 1973Labels: Yen float, exchange-rate reform

    • Harvard Crimson

14. OAPEC oil embargo triggers the 1973 oil shock

    Oct 17, 1973Labels: 1973 oil, OAPEC embargo

    • US DOE
    • 1973 Crisis