![]() The Ministry of International Trade and Industry financed ship ‘exports’ by imposing tariffs on sugar imports to Japanese consumers: ![]() Chalmers Johnson writes in MITI AND THE JAPANESE MIRACLE” that MITI used tariffs to finance ships. In order to finance the early development of shipbuilding, when Japan was strapped for cash, some very innovative methods were employed to finance shipbuilding. It recognized that shipbuilding would replace its decimated merchant fleet with brand new vessels and that by developing itself as a low-cost producer would encourage foreign buyers to build in Japan creating orders for ships, steel, pipe and other products that would have a ripple or multiplier effect on the post war economy and hasten industrial modernization. ![]() Following the end of World War II, the Japanese government sought to re-establish its industrial base through shipbuilding. ![]()
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