period
Period may refer to:
Common uses
* Era, a length or span of time
* Full stop (or period), a punctuation mark
Arts, entertainment, and media
* Period (music), a concept in musical composition
* Periodic sentence (or rhetorical period), a concept ...
of
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...
ese history corresponding to the reign of Emperor Emeritus
Akihito
is a member of the Imperial House of Japan who reigned as the 125th emperor of Japan from 7 January 1989 until his abdication on 30 April 2019. He presided over the Heisei era, ''Heisei'' being an expression of achieving peace worldwide.
Bo ...
from 8 January 1989 until his
abdication
Abdication is the act of formally relinquishing monarchical authority. Abdications have played various roles in the succession procedures of monarchies. While some cultures have viewed abdication as an extreme abandonment of duty, in other societ ...
on 30 April 2019. The Heisei era started on 8 January 1989, the day after the death of the Emperor
Hirohito
Emperor , commonly known in English-speaking countries by his personal name , was the 124th emperor of Japan, ruling from 25 December 1926 until his death in 1989. Hirohito and his wife, Empress Kōjun, had two sons and five daughters; he was ...
Emperor
An emperor (from la, imperator, via fro, empereor) is a monarch, and usually the sovereignty, sovereign ruler of an empire or another type of imperial realm. Empress, the female equivalent, may indicate an emperor's wife (empress consort), ...
. In accordance with Japanese customs, Hirohito was posthumously renamed "Emperor Shōwa" on 31 January 1989.
Thus, 1989 corresponds to Shōwa 64 until 7 January, and from 8 January. The Heisei era ended on 30 April 2019 (Heisei 31), with the abdication of Akihito from the
Chrysanthemum Throne
The is the throne of the Emperor of Japan. The term also can refer to very specific seating, such as the throne in the Shishin-den at Kyoto Imperial Palace.
Various other thrones or seats that are used by the Emperor during official functions, ...
. It was succeeded by the
Reiwa
is the current era of Japan's official calendar. It began on 1 May 2019, the day on which Emperor Akihito's elder son, Naruhito, ascended the throne as the 126th Emperor of Japan. The day before, Emperor Akihito abdicated the Chrysanthemum ...
era as then-crown prince
Naruhito
is the current Emperor of Japan. He acceded to the Chrysanthemum Throne on 1 May 2019, beginning the Reiwa era, following the abdication of his father, Akihito. He is the 126th monarch according to Japan's traditional order of succession.
...
Grand Steward
The is the head department of the Imperial Household Agency of Japan.
History
The origins of the structure of the Imperial Household can be traced back to the reign of Emperor Monmu, with the organisation of the government structure in 701 AD ...
of Japan's
Imperial Household Agency
The (IHA) is an agency of the government of Japan in charge of state matters concerning the Imperial Family, and also the keeping of the Privy Seal and State Seal of Japan. From around the 8th century AD, up until the Second World War, it ...
, Shōichi Fujimori, announced Emperor Hirohito's death at 6:33 AM JST, and revealed details about his cancer for the first time. Shortly after the death of the Emperor,
Keizō Obuchi
was a Japanese politician who served as Prime Minister of Japan from 1998 to 2000.
Obuchi was elected to the House of Representatives in Gunma Prefecture in 1963, becoming the youngest legislator in Japanese history, and was re-elected to his ...
, then
Chief Cabinet Secretary
The is a member of the cabinet and is the leader and chief executive of the Cabinet Secretariat of Japan. The Chief Cabinet Secretary coordinates the policies of ministries and agencies in the executive branch, and also serves as the government ...
and later
Prime Minister of Japan
The prime minister of Japan (Japanese: 内閣総理大臣, Hepburn: ''Naikaku Sōri-Daijin'') is the head of government of Japan. The prime minister chairs the Cabinet of Japan and has the ability to select and dismiss its Ministers of Stat ...
, announced the end of the
Shōwa era
The was the period of Japanese history corresponding to the reign of Emperor Shōwa ( Hirohito) from December 25, 1926, until his death on January 7, 1989. It was preceded by the Taishō era.
The pre-1945 and post-war Shōwa periods are almos ...
, and heralded the new era name "Heisei" for the new Emperor, and explained its meaning.
According to Obuchi, the name "Heisei" was taken from two Chinese history and philosophy books, namely ''
Records of the Grand Historian
''Records of the Grand Historian'', also known by its Chinese name ''Shiji'', is a monumental history of China that is the first of China's 24 dynastic histories. The ''Records'' was written in the early 1st century by the ancient Chinese hist ...
'' () and the ''
Book of Documents
The ''Book of Documents'' (''Shūjīng'', earlier ''Shu King'') or ''Classic of History'', also known as the ''Shangshu'' (“Venerated Documents”), is one of the Five Classics of ancient Chinese literature. It is a collection of rhetorica ...
'' (). In the ''Records of the Grand Historian'', a sentence appears in a section honoring the wise rule of the legendary Chinese
Emperor Shun
Emperor Shun () was a legendary leader of ancient China, regarded by some sources as one of the Three Sovereigns and Five Emperors being the last of the Five Emperors. Tradition holds that he lived sometime between 2294 and 2184 BC. Tradition a ...
, reading "" (
Kanbun
A is a form of Classical Chinese used in Japan from the Nara period to the mid-20th century. Much of Japanese literature was written in this style and it was the general writing style for official and intellectual works throughout the period. A ...
: , ''Uchi tairaka ni soto naru''). In the ''Book of Documents'', the sentence "" (
Kanbun
A is a form of Classical Chinese used in Japan from the Nara period to the mid-20th century. Much of Japanese literature was written in this style and it was the general writing style for official and intellectual works throughout the period. A ...
: , ''Chi tairaka ni ten naru'', "peace on the heaven and earth") appears. By combining both meanings, Heisei is intended to mean "peace everywhere". The Heisei era went into effect immediately upon the day after Emperor Akihito's succession to the throne on 7 January 1989.
In August 2016, Emperor Akihito gave a televised address to the nation, in which he expressed concern that his age would one day stop him from fulfilling his official duties. This was an implication of his wish to retire. The
Japanese Diet
The is the national legislature of Japan. It is composed of a lower house, called the House of Representatives (, ''Shūgiin''), and an upper house, the House of Councillors (, '' Sangiin''). Both houses are directly elected under a paralle ...
passed a law in June 2017 to allow the throne to pass to Akihito's son,
Naruhito
is the current Emperor of Japan. He acceded to the Chrysanthemum Throne on 1 May 2019, beginning the Reiwa era, following the abdication of his father, Akihito. He is the 126th monarch according to Japan's traditional order of succession.
...
. After meeting with members of the Imperial House Council,
Prime Minister
A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...
Shinzō Abe
Shinzo Abe ( ; ja, 安倍 晋三, Hepburn: , ; 21 September 1954 – 8 July 2022) was a Japanese politician who served as Prime Minister of Japan and President of the Liberal Democratic Party (LDP) from 2006 to 2007 and again from 2012 to 20 ...
announced that 30 April 2019 would be the date set for Akihito's abdication. The Era of Naruhito's reign began the next day.
Events
1989 marked the culmination of one of the most rapid economic growth spurts in Japanese history. With a dramatically strengthened
yen
The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the e ...
after the 1985
Plaza Accord
The Plaza Accord was a joint–agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French ...
, the
Bank of Japan
The is the central bank of Japan.Louis Frédéric, Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It has its headquarters in Chūō, Tokyo, Chūō, Tokyo.
History
Like most modern Japanese instituti ...
kept interest rates low, sparking an investment boom that drove Tokyo property values up 60 percent within that year. Shortly before New Year's Day, the Tokyo Stock Market index,
Nikkei 225
The Nikkei 225, or , more commonly called the ''Nikkei'' or the ''Nikkei index'' (), is a stock market index for the Tokyo Stock Exchange (TSE). It has been calculated daily by the '' Nihon Keizai Shimbun'' (''The Nikkei'') newspaper since 1950 ...
, reached its record high of 38,957. By 1992, it had fallen to 15,000, signifying the end of Japan's famed "
bubble economy
An economic bubble (also called a speculative bubble or a financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify. Bubbles can be ...
". Subsequently, Japan experienced the " Lost Decade", which actually consisted of more than ten years of price
deflation
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflation ...
and largely stagnant GDP as Japan's banks struggled to resolve their bad debts and companies in other sectors struggled to restructure.
The
Recruit scandal
The was an insider trading and corruption scandal that forced many prominent Japanese politicians to resign in 1988.
Recruit is a human resources and classifieds company based in Tokyo. Its chairman, , offered a number of shares in a Recruit s ...
of 1988 had already eroded public confidence in the Liberal Democratic Party (LDP), which had controlled the Japanese government for 38 years. In 1993, the LDP was ousted by a coalition led by
Morihiro Hosokawa
is a Japanese politician and Nobility, noble who was Prime Minister of Japan from 1993 to 1994, leading a coalition government which was the first non-Liberal Democratic Party (Japan), Liberal Democratic Party (LDP) government of Japan since 1955 ...
. However, the coalition collapsed as parties had gathered only to overthrow LDP, and lacked a unified position on almost every social issue. The LDP returned to the government in 1994, when it helped to elect Japan Socialist (later Social Democrat)
Tomiichi Murayama
is a Japanese politician who served as Prime Minister of Japan from 1994 to 1996. He led the Japanese Socialist Party, and was responsible for changing its name to the Social Democratic Party (Japan), Social Democratic Party of Japan in 1996. Up ...
as prime minister.
The 1990s had an "
anime
is Traditional animation, hand-drawn and computer animation, computer-generated animation originating from Japan. Outside of Japan and in English, ''anime'' refers specifically to animation produced in Japan. However, in Japan and in Japane ...
boom" period marked by increased popularity of
anime
is Traditional animation, hand-drawn and computer animation, computer-generated animation originating from Japan. Outside of Japan and in English, ''anime'' refers specifically to animation produced in Japan. However, in Japan and in Japane ...
and anime conventions. Several anime media franchises gained global popularity such as ''
Pokémon
(an abbreviation for in Japan) is a Japanese media franchise managed by The Pokémon Company, founded by Nintendo, Game Freak, and Creatures (company), Creatures, the owners of the trademark and copyright of the franchise.
In terms of ...
'', ''
Hello Kitty
, also known by her full name , is a fictional Character (arts), character created by Yuko Shimizu, currently designed by Yuko Yamaguchi, and owned by the Japanese company Sanrio. Sanrio depicts Hello Kitty as an Anthropomorphism, anthropomorphi ...
'', ''
Sailor Moon
is a Japanese manga series written and illustrated by Naoko Takeuchi. It was originally serialized in Kodansha's ''shōjo'' manga magazine ''Nakayoshi'' from 1991 to 1997; the 52 individual chapters were published in 18 volumes. The seri ...
'', ''
Saint Seiya
, also known as ''Saint Seiya: Knights of the Zodiac'' or simply ''Knights of the Zodiac'' (translated from the French title ''Les Chevaliers du Zodiaque''), is a Japanese manga series written and illustrated by Masami Kurumada. It ...
'', ''
Gundam
is a Japanese military fiction media franchise. Created by Yoshiyuki Tomino and Sunrise (now Bandai Namco Filmworks), the franchise features giant robots, or mecha, with the name "Gundam". The franchise began on April 7, 1979, with ''Mobile ...
'', ''
Fist of the North Star
is a Japanese manga series written by Buronson and illustrated by Tetsuo Hara. It was serialized in Shueisha's Shōnen manga, ''shōnen'' manga magazine ''Weekly Shōnen Jump'' for 245 issues published from 1983 to 1988 and initially colle ...
'', ''
Dragon Ball
is a Japanese media franchise created by Akira Toriyama in 1984. The Dragon Ball (manga), initial manga, written and illustrated by Toriyama, was serialized in ''Weekly Shōnen Jump'' from 1984 to 1995, with the 519 individual chapters colle ...
'', ''
Yu-Gi-Oh
is a Japanese manga series written and illustrated by Kazuki Takahashi. It was serialized in Shueisha's ''Weekly Shōnen Jump'' magazine between September 1996 and March 2004. The plot follows the story of a boy named Yugi Mutou, w ...
'' and '' Evangelion''.
In 1995, there was a large 6.8
earthquake
An earthquake (also known as a quake, tremor or temblor) is the shaking of the surface of the Earth resulting from a sudden release of energy in the Earth's lithosphere that creates seismic waves. Earthquakes can range in intensity, from ...
in
Kobe
Kobe ( , ; officially , ) is the capital city of Hyōgo Prefecture Japan. With a population around 1.5 million, Kobe is Japan's seventh-largest city and the third-largest port city after Tokyo and Yokohama. It is located in Kansai region, whic ...
Tokyo Metro
The is a major rapid transit system in Tokyo, Japan, operated by the Tokyo Metro Co. With an average daily ridership of 6.84 million passengers, the Tokyo Metro is the larger of the two subway operators in the city; the other being the Toei ...
by the
doomsday cult
A doomsday cult is a cult, that believes in apocalypticism and millenarianism, including both those that predict disaster and those that attempt to destroy the entire universe. Sociologist John Lofland coined the term ''doomsday cult'' in his ...
Aum Shinrikyo
, formerly , is a Japanese doomsday cult founded by Shoko Asahara in 1987. It carried out the deadly Tokyo subway sarin attack in 1995 and was found to have been responsible for the Matsumoto sarin attack the previous year.
The group says tha ...
. Failure of the Japanese government to react to these events promptly led to the formation of
non-government organisation
A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in ...
s which have been playing an increasingly important role in Japanese politics since.
On 11 December 1997, the international
treaty
A treaty is a formal, legally binding written agreement between actors in international law. It is usually made by and between sovereign states, but can include international organizations
An international organization or international o ...
called the
Kyoto Protocol
The Kyoto Protocol was an international treaty which extended the 1992 United Nations Framework Convention on Climate Change (UNFCCC) that commits state parties to reduce greenhouse gas emissions, based on the scientific consensus that (part ...
to regulate
greenhouse gas emissions
Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and lar ...
was adopted by 192 parties in
Kyoto
Kyoto (; Japanese: , ''Kyōto'' ), officially , is the capital city of Kyoto Prefecture in Japan. Located in the Kansai region on the island of Honshu, Kyoto forms a part of the Keihanshin metropolitan area along with Osaka and Kobe. , the ci ...
, Japan.
During this era, Japan reemerged as a military power. In 1991, Japan made a financial contribution of $10 billion and sent military hardware for the
Gulf War
The Gulf War was a 1990–1991 armed campaign waged by a 35-country military coalition in response to the Iraqi invasion of Kuwait. Spearheaded by the United States, the coalition's efforts against Iraq were carried out in two key phases: ...
Iran
Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...
to criticize Japan for just pledging money and did not appreciate the way Japan co-operated in the Gulf War. However, after the war, between 26 April and October 1991 six
JMSDF
, abbreviated , also simply known as the Japanese Navy, is the maritime warfare branch of the Japan Self-Defense Forces, tasked with the naval defense of Japan. The JMSDF was formed following the dissolution of the Imperial Japanese Navy (IJN) ...
minesweeper vessels were sent and removed 34 sea mines in the
Persian Gulf
The Persian Gulf ( fa, خلیج فارس, translit=xalij-e fârs, lit=Gulf of Persis, Fars, ), sometimes called the ( ar, اَلْخَلِيْجُ ٱلْعَرَبِيُّ, Al-Khalīj al-ˁArabī), is a Mediterranean sea (oceanography), me ...
to improve the safety of ships.
Following the
Iraq War
{{Infobox military conflict
, conflict = Iraq War {{Nobold, {{lang, ar, حرب العراق (Arabic) {{Nobold, {{lang, ku, شەڕی عێراق (Kurdish languages, Kurdish)
, partof = the Iraq conflict (2003–present), I ...
, in 2003, Prime Minister
Junichirō Koizumi
Junichiro Koizumi (; , ''Koizumi Jun'ichirō'' ; born 8 January 1942) is a former Japanese politician who was Prime Minister of Japan and President of the Liberal Democratic Party (LDP) from 2001 to 2006. He retired from politics in 2009. He is ...
's Cabinet approved a plan to send about 1,000 soldiers of the
Japan Self-Defense Forces
The Japan Self-Defense Forces ( ja, 自衛隊, Jieitai; abbreviated JSDF), also informally known as the Japanese Armed Forces, are the unified ''de facto''Since Article 9 of the Japanese Constitution outlaws the formation of armed forces, the ...
to help in Iraq's reconstruction, the biggest overseas troop deployment since World War II without the sanction of the UN. The mission lasted until February 2009.
The
2002 FIFA World Cup
The 2002 FIFA World Cup, also branded as Korea Japan 2002, was the 17th FIFA World Cup, the quadrennial Association football, football world championship for List of men's national association football teams, men's national teams organized by ...
was the first
FIFA World Cup
The FIFA World Cup, often simply called the World Cup, is an international association football competition contested by the senior men's national teams of the members of the ' ( FIFA), the sport's global governing body. The tournament ha ...
to be held in
Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
, the first to be held outside of the Americas or Europe, as well as the first to be jointly-hosted by more than one nation. This world championship for men's national
football
Football is a family of team sports that involve, to varying degrees, kicking a ball to score a goal. Unqualified, the word ''football'' normally means the form of football that is the most popular where the word is used. Sports commonly c ...
teams was jointly hosted by Japan and South-Korea to improve relations.
On 23 October 2004, the Heisei 16 an earthquake and aftershocks rocked the
Hokuriku region
The was located in the northwestern part of Honshu, the main island of Japan. It lay along the Sea of Japan within the Chūbu region, which it is currently a part of. It is almost equivalent to Koshi Province and Hokurikudō area in pre-modern ...
in
Niigata Prefecture
is a Prefectures of Japan, prefecture in the Chūbu region of Honshu of Japan. Niigata Prefecture has a population of 2,227,496 (1 July 2019) and is the List of Japanese prefectures by area, fifth-largest prefecture of Japan by geographic area ...
Hayabusa
was a robotic spacecraft developed by the Japan Aerospace Exploration Agency (JAXA) to return a sample of material from a small near-Earth asteroid named 25143 Itokawa to Earth for further analysis.
''Hayabusa'', formerly known as MUSES-C ...
landed on an asteroid and collected samples in the form of tiny grains of asteroidal material, which were returned to Earth aboard the spacecraft on 13 June 2010. It was the first spacecraft in history designed to deliberately land on an asteroid and then take off again. The Hayabusa mission was the first to return an asteroid sample to Earth for analysis.
After an election defeat, Prime Minister
Shinzō Abe
Shinzo Abe ( ; ja, 安倍 晋三, Hepburn: , ; 21 September 1954 – 8 July 2022) was a Japanese politician who served as Prime Minister of Japan and President of the Liberal Democratic Party (LDP) from 2006 to 2007 and again from 2012 to 20 ...
resigned suddenly, and in Autumn 2007
Yasuo Fukuda
is a former Japanese politician who served as Prime Minister of Japan from 2007 to 2008. He was previously the longest-serving Chief Cabinet Secretary in Japanese history, serving in that role from 2000 to 2004 under Prime Ministers Yoshirō M ...
became Prime Minister. Fukuda in turn resigned in September 2008 citing political failings, and
Tarō Asō
is a Japanese politician serving as the Vice President of the Liberal Democratic Party (LDP) since 2021. Asō previously served as Prime Minister of Japan from 2008 to 2009 and as Deputy Prime Minister of Japan and Minister of Finance from 2 ...
was selected by his party.
In 2008,
Greater Tokyo
The Greater Tokyo Area is the most populous metropolitan area in the world, consisting of the Kantō region of Japan (including Tokyo Metropolis and the prefectures of Chiba, Gunma, Ibaraki, Kanagawa, Saitama, and Tochigi) as well as the pre ...
has the largest metropolitan economy in the world with a total GDP (nominal) of approximately $2 trillion (¥165 trillion).平成19年度県民経済計算 Greater Tokyo also has the largest metropolitan population in the world with an estimated 35 million.
In August 2009, for the first time, the
Democratic Party of Japan
The was a centristThe Democratic Party of Japan was widely described as centrist:
*
*
*
*
*
*
* to centre-left liberal or social-liberal political party in Japan from 1998 to 2016.
The party's origins lie in the previous Democratic Part ...
(DPJ) won 308 seats in the lower house election, which ended 50 years of political domination by the LDP. As a result of the election, Tarō Asō resigned as leader of the LDP, and
Yukio Hatoyama
is a former Japanese politician who served as Prime Minister of Japan from 16 September 2009 to 8 June 2010. He was the first Prime Minister from the modern Democratic Party of Japan.
First elected to the House of Representatives in 1986, Hatoy ...
, president of DPJ became Prime Minister on 16 September 2009. However, DPJ soon became mired in party financing scandals, particularly involving aides close to
Ichirō Ozawa
is a Japanese politician and has been a member of the House of Representatives since 1969, representing the Iwate 3rd district (Iwate 2nd district prior to the 1996 general election and Iwate 4th district prior to the 2017 general election). H ...
.
Naoto Kan
is a Japanese politician who was Prime Minister of Japan and President of the Democratic Party of Japan (DPJ) from June 2010 to September 2011. Kan was the first Prime Minister since the resignation of Junichiro Koizumi in 2006 to serve for m ...
was chosen by the DPJ as the next Prime Minister, but he soon lost a working majority in the House of Councillors election, and the 2010 Senkaku boat collision incident caused increased tension between Japan and China. The 2009–2010 Toyota vehicle recalls also took place during this time.
The population of Japan peaked at 128 million in 2010. This was Japan's biggest population in history. It declined due to a low birthrate in the following years.
In July 2010, The
JSDF
The Japan Self-Defense Forces ( ja, 自衛隊, Jieitai; abbreviated JSDF), also informally known as the Japanese Armed Forces, are the unified ''de facto''Since Article 9 of the Japanese Constitution outlaws the formation of armed forces, t ...
's first postwar overseas base was established in
Djibouti
Djibouti, ar, جيبوتي ', french: link=no, Djibouti, so, Jabuuti officially the Republic of Djibouti, is a country in the Horn of Africa, bordered by Somalia to the south, Ethiopia to the southwest, Eritrea in the north, and the Red ...
,
Somalia
Somalia, , Osmanya script: 𐒈𐒝𐒑𐒛𐒐𐒘𐒕𐒖; ar, الصومال, aṣ-Ṣūmāl officially the Federal Republic of SomaliaThe ''Federal Republic of Somalia'' is the country's name per Article 1 of thProvisional Constituti ...
.
In December 2010, Japan's 2010 National Defense Program Guidelines changed its defense policy from a focus on the former
Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national ...
to
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
.
In 2011, the
economy of China
The China, People's Republic of China has an upper middle income Developing country, developing Mixed economy, mixed socialist market economy that incorporates economic planning through Industrial policy, industrial policies and strategic Five- ...
became the second largest in the world. Japan's economy descended to the world's third largest by
nominal GDP
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjec ...
.
In 2011, a
sumo
is a form of competitive full-contact wrestling where a ''rikishi'' (wrestler) attempts to force his opponent out of a circular ring (''dohyō'') or into touching the ground with any body part other than the soles of his feet (usually by thr ...
tournament was cancelled for the first time in 65 years over a
match fixing
In organized sports, match fixing is the act of playing or officiating a match with the intention of achieving a pre-determined result, violating the rules of the game and often the law. There are many reasons why match fixing might take place, ...
scandal.
In March 2011, the
Tokyo Skytree
is a broadcasting and observation tower in Sumida, Tokyo. It became the tallest structure in Japan in 2010tallest tower in the world. and the second
tallest structure
The tallest structure in the world is the Burj Khalifa skyscraper at . Listed are guyed masts (such as telecommunication masts), self-supporting towers (such as the CN Tower), skyscrapers (such as the Willis Tower), oil platforms, electricit ...
in the world after the
Burj Khalifa
The Burj Khalifa (; ar, برج خليفة, , Khalifa Tower), known as the Burj Dubai prior to its inauguration in 2010, is a skyscraper in Dubai, United Arab Emirates. It is known for being the world’s tallest building. With a total height ...
Kanto
Kantō (Japanese)
Kanto is a simplified spelling of , a Japanese word, only omitting the diacritics.
In Japan
Kantō may refer to:
*Kantō Plain
*Kantō region
*Kantō-kai, organized crime group
*Kanto (Pokémon), a geographical region in the ' ...
in the northeast of
Honshu
, historically called , is the largest and most populous island of Japan. It is located south of Hokkaidō across the Tsugaru Strait, north of Shikoku across the Inland Sea, and northeast of Kyūshū across the Kanmon Straits. The island separ ...
, including the Tokyo area. A
tsunami
A tsunami ( ; from ja, 津波, lit=harbour wave, ) is a series of waves in a water body caused by the displacement of a large volume of water, generally in an ocean or a large lake. Earthquakes, volcanic eruptions and other underwater explo ...
with waves of up to 10 meters (32.5 feet) flooded inland areas several kilometers from shore, causing a large number of considerable fires. The epicenter of the quake lay so close to coastal villages and towns that thousands could not flee in time despite the
tsunami warning system
A tsunami warning system (TWS) is used to detect tsunamis in advance and issue the warnings to prevent loss of life and damage to property. It is made up of two equally important components: a network of sensors to detect tsunamis and a communica ...
, and also,
Fukushima Daiichi Nuclear Power Plant
The is a disabled nuclear power plant located on a site in the towns of Ōkuma and Futaba in Fukushima Prefecture, Japan. The plant suffered major damage from the magnitude 9.0 earthquake and tsunami that hit Japan on March 11, 2011. The ...
and three other nuclear power plants, serious problems occurred with the cooling systems, ultimately leading to the most serious case of
radioactive contamination
Radioactive contamination, also called radiological pollution, is the deposition of, or presence of radioactive substances on surfaces or within solids, liquids, or gases (including the human body), where their presence is unintended or undesirab ...
since the
Chernobyl disaster
The Chernobyl disaster was a nuclear accident that occurred on 26 April 1986 at the No. 4 reactor in the Chernobyl Nuclear Power Plant, near the city of Pripyat in the north of the Ukrainian SSR in the Soviet Union. It is one of only two nuc ...
(see
Fukushima Daiichi nuclear disaster
The was a nuclear accident in 2011 at the Fukushima Daiichi Nuclear Power Plant in Ōkuma, Fukushima, Japan. The proximate cause of the disaster was the 2011 Tōhoku earthquake and tsunami, which occurred on the afternoon of 11 March 2011 and ...
), as well as ongoing electric power shortages. Following the earthquake, for the first time, the Emperor addressed the nation in a pre-recorded television broadcast.
In August 2011,
Naoto Kan
is a Japanese politician who was Prime Minister of Japan and President of the Democratic Party of Japan (DPJ) from June 2010 to September 2011. Kan was the first Prime Minister since the resignation of Junichiro Koizumi in 2006 to serve for m ...
resigned, and
Yoshihiko Noda
is a Japanese politician who was Prime Minister of Japan from 2011 to 2012. He was a member of the Democratic Party, and a member of the House of Representatives (lower house) in the Diet (national legislature). He was named to succeed Naoto K ...
became Prime Minister. Later that year
Olympus Corporation
is a Japanese manufacturer of optics and reprography products. Olympus was established on 12 October 1919, initially specializing in microscopes and thermometers. Olympus holds roughly a 70-percent share of the global endoscope market, estimated ...
admitted major accounting irregularities. (See
Tobashi scheme
A tobashi scheme is a financial fraud through creative accounting where a client's losses are hidden by an investment firm by shifting them between the portfolios of other (genuine or fake) clients. Any real client with portfolio losses can there ...
.) Noda pushed for Japan to consider joining the
Trans-Pacific Strategic Economic Partnership
The Trans-Pacific Strategic Economic Partnership Agreement (TPSEP), also known as P4, is a trade agreement between four Pacific Rim countries concerning a variety of matters of economic policy. The agreement was signed by Brunei, Chile, Singapore ...
, but was defeated in an election in 2012, being replaced by
Shinzō Abe
Shinzo Abe ( ; ja, 安倍 晋三, Hepburn: , ; 21 September 1954 – 8 July 2022) was a Japanese politician who served as Prime Minister of Japan and President of the Liberal Democratic Party (LDP) from 2006 to 2007 and again from 2012 to 20 ...
.
In December 2012,
Abenomics
refers to the economic policies implemented by the Government of Japan led by the Liberal Democratic Party (LDP) since the December 2012 general election. They are named after Shinzō Abe, who served a second stint as Prime Minister of Japa ...
Toyota
is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on . Toyota is one of the largest automobile manufacturers in the world, producing about 10 ...
became the biggest automaker in the world selling 5.1 million vehicles in the six months ending 30 June 2014, an increase of 3.8% on the same period the previous year. Volkswagen AG recorded sales of 5.07 million vehicles.
Prime Minister
Shinzo Abe
Shinzo Abe ( ; ja, 安倍 晋三, Hepburn romanization, Hepburn: , ; 21 September 1954 – 8 July 2022) was a Japanese politician who served as Prime Minister of Japan and President of the Liberal Democratic Party (Japan), President of the Lib ...
sought to end
deflation
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflation ...
, but Japan entered recession again in 2014 largely due to a rise in
sales tax
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a govern ...
to 8%. Abe called an election in December, and promised to delay further sales tax hikes to 2018. He won the election.
On 18 September 2015, the
National Diet
The is the national legislature of Japan. It is composed of a lower house, called the House of Representatives (Japan), House of Representatives (, ''Shūgiin''), and an upper house, the House of Councillors (Japan), House of Councillors (, ...
enacted the
2015 Japanese military legislation
In 2015, Japanese Prime Minister Shinzō Abe and the ruling Liberal Democratic Party promoted legislation, passed on 19 September 2015, despite some public opposition, to allow the country's military to participate in foreign conflicts, overtur ...
that allows the
Japan Self-Defense Forces
The Japan Self-Defense Forces ( ja, 自衛隊, Jieitai; abbreviated JSDF), also informally known as the Japanese Armed Forces, are the unified ''de facto''Since Article 9 of the Japanese Constitution outlaws the formation of armed forces, the ...
Japan Self-Defense Forces
The Japan Self-Defense Forces ( ja, 自衛隊, Jieitai; abbreviated JSDF), also informally known as the Japanese Armed Forces, are the unified ''de facto''Since Article 9 of the Japanese Constitution outlaws the formation of armed forces, the ...
Credit Suisse
Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...
report.
A
United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be ...
report confirmed that
Greater Tokyo
The Greater Tokyo Area is the most populous metropolitan area in the world, consisting of the Kantō region of Japan (including Tokyo Metropolis and the prefectures of Chiba, Gunma, Ibaraki, Kanagawa, Saitama, and Tochigi) as well as the pre ...
is the most populous
metropolitan area
A metropolitan area or metro is a region that consists of a densely populated urban agglomeration and its surrounding territories sharing industries, commercial areas, transport network, infrastructures and housing. A metro area usually com ...
in the world with an estimated total population of 38,140,000 in 2016.
In 2018,
Pokémon
(an abbreviation for in Japan) is a Japanese media franchise managed by The Pokémon Company, founded by Nintendo, Game Freak, and Creatures (company), Creatures, the owners of the trademark and copyright of the franchise.
In terms of ...
Hello Kitty
, also known by her full name , is a fictional Character (arts), character created by Yuko Shimizu, currently designed by Yuko Yamaguchi, and owned by the Japanese company Sanrio. Sanrio depicts Hello Kitty as an Anthropomorphism, anthropomorphi ...
($80 billion) and the number 5
Star Wars
''Star Wars'' is an American epic film, epic space opera multimedia franchise created by George Lucas, which began with the Star Wars (film), eponymous 1977 film and quickly became a worldwide popular culture, pop-culture Cultural impact of S ...
($65 billion).
A record number of 31,191,929 foreign tourists visited Japan in 2018. This is a 33% increase over 2015 (19.73 million). In 2017, 3 out of 4 foreign tourists came from South Korea, China, Taiwan and Hong Kong, according to the
Japan National Tourism Organization
The , JNTO, provides information about Japan to promote travel to and in the country. It was established in 1964 and its headquarters are in Yotsuya, Shinjuku-ku, Tokyo. The JNTO operates Tourist Information Centers (TICs) as well as a website. ...
.
Japan activated the
Amphibious Rapid Deployment Brigade
The is a marine unit of the Japan Self-Defense Forces (JSDF) responsible for conducting amphibious operations.
The ARDB is based at Camp Ainoura in Sasebo, Nagasaki Prefecture.
History
In light of tensions over the Senkaku Islands and the d ...
, its first marine unit since World War II, on 7 April 2018. They're trained to counter invaders from occupying
Japanese islands
The Japanese archipelago (Japanese: 日本列島, ''Nihon rettō'') is a group of 6,852 islands that form the country of Japan, as well as the Russian island of Sakhalin. It extends over from the Sea of Okhotsk in the northeast to the East China ...
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world.
The agency was estab ...
. Retrieved 2 August 2018
Japan was the world's largest
creditor
A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property ...
nation since 1990 and for 22 years straight. By 2018, Japan regained the leading position as the predominant source of saving and investments. Japan owned net global assets of ¥328 trillion, Germany (¥262 trillion), China (¥205 trillion).
In September 2018,
Naomi Osaka
is a Japanese professional tennis player. She has been ranked world No. 1 in singles by the Women's Tennis Association (WTA) and is the first Asian player to hold the top ranking in singles. Osaka is a four-time Grand Slam singles champio ...
became the first
Japanese woman
Although women in Japan were recognized as having equal legal rights to men after World War II, economic conditions for women remain unbalanced. Modern policy initiatives to encourage motherhood and workplace participation have had mixed results ...
to contest a
Grand Slam
Grand Slam most often refers to:
* Grand Slam (tennis), one player or pair winning all four major annual tournaments, or the tournaments themselves
Grand Slam or Grand slam may also refer to:
Games and sports
* Grand slam, winning category te ...
singles final and the first Japanese
Grand Slam
Grand Slam most often refers to:
* Grand Slam (tennis), one player or pair winning all four major annual tournaments, or the tournaments themselves
Grand Slam or Grand slam may also refer to:
Games and sports
* Grand slam, winning category te ...
JSDF
The Japan Self-Defense Forces ( ja, 自衛隊, Jieitai; abbreviated JSDF), also informally known as the Japanese Armed Forces, are the unified ''de facto''Since Article 9 of the Japanese Constitution outlaws the formation of armed forces, t ...
United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be ...
was approved in April 2019. Two
JGSDF
The Japan Ground Self-Defense Force ( ja, 陸上自衛隊, Rikujō Jieitai), , also referred to as the Japanese Army, is the land warfare branch of the Japan Self-Defense Forces. Created on July 1, 1954, it is the largest of the three service b ...
officers were despatched to monitor a cease-fire between Israel and Egypt at the
Multinational Force and Observers
The Multinational Force and Observers (MFO) is an international peacekeeping force overseeing the terms of the peace treaty between Egypt and Israel. The MFO generally operates in and around the Sinai peninsula, ensuring free navigation through ...
command in the
Sinai peninsula
The Sinai Peninsula, or simply Sinai (now usually ) (, , cop, Ⲥⲓⲛⲁ), is a peninsula in Egypt, and the only part of the country located in Asia. It is between the Mediterranean Sea to the north and the Red Sea to the south, and is a l ...
from 19 April till 30 November 2019.
Economy
The bubble economy having continued from around the end of the Shōwa era collapsed.
;Top 10 by market capitalization
Conversion table
To convert any
Gregorian calendar
The Gregorian calendar is the calendar used in most parts of the world. It was introduced in October 1582 by Pope Gregory XIII as a modification of, and replacement for, the Julian calendar. The principal change was to space leap years dif ...
year between 1989 and 2019 to
Japanese calendar
Japanese calendar types have included a range of official and unofficial systems. At present, Japan uses the Gregorian calendar together with year designations stating the year of the reign of the current Emperor. The written form starts with t ...
year in Heisei era, 1988 needs to be subtracted from the year in question.
* Flath, David. ''The Japanese Economy'' (2nd ed. 2005 excerpt and text search * Hanson, Marta E. ''The Routledge Handbook of Japanese Politics'' (2011 excerpt and text search * Kitaoka Shinichi, Kokubun Ryosei, Nakanishi Hiroshi, Shiraishi Takashi, and Tanaka Akihiko. ''Examining Heisei Japan, vol. I: Diplomacy and Security'' (2021 * Koo, Richard C. ''The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession'' (2nd ed. 2009 excerpt and text search * Pascua, Arthur. ''Devastation in Japan: An Economic Analysis'' (2012 excerpt and text search on 2011 Tsunami
* Schoppa, Leonard J. ''The Evolution of Japan's Party System: Politics and Policy in an Era of Institutional Change'' (University of Toronto Press; 2012) 232 pages; Argues that changes starting in the 1990s set the stage for the 2009 victory of the Democratic Party
{{Authority control
1989 establishments in Japan2019 disestablishments in Japan
Heisei period
The is the period of Japanese history corresponding to the reign of Emperor Emeritus Akihito from 8 January 1989 until his abdication on 30 April 2019. The Heisei era started on 8 January 1989, the day after the death of the Emperor Hirohito, ...