The era of globalisation first dawned upon Japan early in the Edo Period (1603 - 1867). Tokugawa Leyasu became ruler of Japan in 1600 and brought Japan under tight control. He promoted foreign trade and established relations with the English and the Dutch. This embrace of foreign cultures changed in 1633 when the new ruler, Leyasu, forbade traveling abroad. Then in 1639 Japan was almost completely isolated when Leyasu narrowed its only contacts with the world down to limited trade …
showed first 75 words of 2489 total

showed last 75 words of 2489 total
…to its delay in dealing with the collapse of the bubble period. Today there is still no imminent solution to the resulting Japanese financial crisis. It is now necessary for Japan to continue its gradual economic recovery without dependency on public spending. In the future Japan will have to promote economic partnerships with its major trading partners, and structural reform so it can again enjoy the benefits of globalisation and contribute to global economic development.