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Historical background

Published online by Cambridge University Press:  03 February 2010

Norio Tamaki
Affiliation:
Keio University, Tokyo
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Summary

The Washington Conference of 1921–1922 which refused equal status to Japan in terms of naval power, and the abrogation of the Anglo-Japanese Alliance, which had sustained Japan from 1902, played into the hands of the small, vocal military clique in Japan which held strong anti-western fascist views. The emergence of the Union of Soviet Socialist Republics following the Russian Revolution of 1917 frightened many in Japan and weakened the already feeble socialist movement there. On the Chinese mainland, the Japanese military radicals never failed to display aggressiveness, deepening their involvement in the invasion of north-east China. Militarism gained force and the party-led government lost their ground. Of twelve prime ministers between 1920 and 1936, five were targets for assassination and three were murdered. This terrible trend was well illustrated by the two abortive military coups of 15 May 1932 and 26 February 1936 and culminated in the founding of Manchukuo in 1932 and the war against China from 1937. The isolation which the Washington Conference agreements brought about in the aftermath of the abolition of the Anglo-Japanese Alliance had far-reaching repercussions. The political and military crises were certainly exacerbated by the disaster of the Great Kanto Earthquake of 1 September 1923, which did great damage to Japan's economy and indirectly brought about the Japanese banking collapse of 1927 which preceded that on Wall Street of October 1929, which in turn resulted in world-wide recession.

Type
Chapter
Information
Japanese Banking
A History, 1859–1959
, pp. 139
Publisher: Cambridge University Press
Print publication year: 1995

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  • Historical background
  • Norio Tamaki, Keio University, Tokyo
  • Book: Japanese Banking
  • Online publication: 03 February 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511586415.029
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  • Historical background
  • Norio Tamaki, Keio University, Tokyo
  • Book: Japanese Banking
  • Online publication: 03 February 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511586415.029
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Historical background
  • Norio Tamaki, Keio University, Tokyo
  • Book: Japanese Banking
  • Online publication: 03 February 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511586415.029
Available formats
×