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==History==
 
==History==
 
see [[History of Japan]]
 
see [[History of Japan]]
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====20th century====
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The Showa Period (1926-89), under Emperor [[Hirohito]], was an era of incredible change from traditional voillages to modern cities, form a great empire and early success in [[World War II, Pacidic|World War II] to utter ruin and surrender.  In 1931 seized Japan [[Manchuria]], and in 1937 it launched a full-scale invasion of China. Japan attacked U.S. at [[Pearl Harbor]] in late 1941, and soon occupied much of East and Southeast Asia. In a series of spectucal naval battles, such as the [[Battle of Midway]], Japan lost control of the Pacific and was subject to massive air raids culminating in nuclear attacks on [[Hiroshima]] and Nagasaki.
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Japan was occupied by the U.S. until 1951, as Emperor Hirohito led a regime that Americanized the nation, modernized and liberalized its economy and polity, and become an economic superpower, staunch American ally, and a democracy that gave up all its empire and its military power. The emperor stepped down from godly status but remains the powerful synbol of national identity and unity. Political power rests in networks of powerful politicians, bureaucrats, and business executives. The economy experienced a major slowdown starting in the 1990s following three decades of unprecedented growth, but Japan still remains a major economic power, both in Asia and globally.
 
====Current Status====
 
====Current Status====
 
Japan's modern economy has many world leading industries and companies, being driven by exports and a mastery of high technology. However, in the 1990s, the economy underwent a major slowdown in part because of overinvestment and an asset price bubble during the late 1980s.  Japan has a huge government debt, which exceeds the Gross Domestic product (176% of GDP) and also faces the challenge of a low birth rate, low immigration and an aging of the population which will further increase the debts.  [[China]] also is becoming a larger economy and a bigger international trading partner than Japan.
 
Japan's modern economy has many world leading industries and companies, being driven by exports and a mastery of high technology. However, in the 1990s, the economy underwent a major slowdown in part because of overinvestment and an asset price bubble during the late 1980s.  Japan has a huge government debt, which exceeds the Gross Domestic product (176% of GDP) and also faces the challenge of a low birth rate, low immigration and an aging of the population which will further increase the debts.  [[China]] also is becoming a larger economy and a bigger international trading partner than Japan.
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