1. Japanese Economics 1930’s

2. Japan’s need Large amounts of Iron Ore from China They also need more Coal Copper Petroleum products

3. The Government Mix of Nationalist and Militarists rulers Borrowed recklessly to fund a modern Military Wanted to create “economic security” 31% of the Economy in 1931-32—47% of the economy by 1936-37 BY 1938 70% of the economy was spent on the military When Finance Minister Takahashi tried to slow the spending, he was assassinated by militarists

4. The Military 10 Modern Carriers 3,000 naval aircraft, 3500 pilots Advanced torpedoes Over 1 million man standing army 2 million man reserve army When Japan entered China they spent $5 million dollars a day—A lot back then

5. Larger War effort Japanese stocks sank as the world disapproved of Japan’s War with China Japan wanted to cut of supplies coming to Chinese resistance from the South French Indo-China and Burma Japan needed to secure oil reserves and other raw materials

6. By Comparison The US had twice the population of Japan, seventeen times the national income, produced five times as much steel, seven times as much coal, and made 80 times as many motor vehicles each year. Its industrial potential even during the depression was seven times that of Japan.