History of Japan

Episode 292 - What Goes Up, Part 3

Jun 8, 2019
Explore the unique cultural climate of 1980s America, from fashion to evolving roles in society. Discover the complexities following the Cold War and Japan's emergence as an economic powerhouse. Delve into the controversy surrounding Japanese investments in the U.S. and the resulting anti-Japanese sentiment. A pivotal state dinner showcases the contrasting health of leaders, reflecting the tensions in U.S.-Japan relations. This deep dive reveals the intricate dynamics that shaped both nations' paths.
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INSIGHT

1980s US Triumph and Anxiety

  • In the 1980s, America seemed at its triumphant peak after winning the Cold War and global spread of liberal democracy.
  • Yet, some predicted American decline due to financial and educational neglect amid rising powers like Japan.
INSIGHT

Japan's Economic Strategy Shines

  • Paul Kennedy saw Japan as poised to dominate economically thanks to strategic government intervention and technological focus.
  • Japan's Ministry of International Trade and Industry effectively guided economic development compared to US laissez-faire.
ANECDOTE

Rockefeller Center Purchase Controversy

  • Mitsubishi bought Rockefeller Center in 1989 for $1.3 billion, sparking American outrage about Japanese economic influence.
  • Congresswoman Helen Bentley famously protested Japan's acquisitions, symbolizing US anxieties.
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