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Heisei era

The Heisei era (平成, Japanese: [heːseː] ) was the period of Japanese history corresponding to the reign of Emperor Emeritus Akihito from 8 January 1989 until his abdication on 30 April 2019. The Heisei era started on 8 January 1989, the day after the death of the Emperor Hirohito, when his son, Akihito, acceded to the throne as the 125th Emperor. In accordance with Japanese customs, Hirohito was posthumously renamed "Emperor Shōwa" on 31 January 1989.

Heisei
平成
8 January 1989 – 30 April 2019
Emperor Akihito of the Heisei era (1990)
LocationJapan
Including
Monarch(s)Akihito
Key events
Chronology

Thus, 1989 corresponds to Shōwa 64 up until 7 January and Heisei 1 (平成元年, Heisei gannen, gannen means "first year") from 8 January. The Heisei era ended on 30 April 2019 (Heisei 31), with the abdication of Akihito from the Chrysanthemum Throne. It was succeeded by the Reiwa era as then-crown prince Naruhito ascended the throne on 1 May midnight local time.[1]

History and meaning edit

 
Keizō Obuchi attended the press conference to announce the new era name "Heisei". (7 January 1989)

On 7 January 1989, at 07:55 AM JST, the Grand Steward of Japan's Imperial Household Agency, Shōichi Fujimori, announced Emperor Hirohito's death at 6:33 AM JST, and revealed details about his cancer for the first time. Shortly after the death of the Emperor, Keizō Obuchi, then Chief Cabinet Secretary and later Prime Minister of Japan, announced the end of the Shōwa era, and heralded the new era name "Heisei" for the new Emperor, and explained its meaning.

According to Obuchi, the name "Heisei" was taken from two Chinese history and philosophy books, namely Records of the Grand Historian (史記) and the Book of Documents (書経). In the Records of the Grand Historian, a sentence appears in a section honoring the wise rule of the legendary Chinese Emperor Shun, reading "内平外成" (Kanbun: 内平かに外成る, Uchi tairaka ni soto naru, "flat inside and outside"). In the Book of Documents, the sentence "地平天成" (Kanbun: かに天, Chi tairaka ni ten naru, "the earth is perfect") appears. By combining both meanings, Heisei is intended to mean "peace everywhere".[2] The Heisei era went into effect immediately upon the day after Emperor Akihito's succession to the throne on 7 January 1989.

In August 2016, Emperor Akihito gave a televised address to the nation, in which he expressed concern that his age would one day stop him from fulfilling his official duties. This was an implication of his wish to retire.[1] The Japanese Diet passed a law in June 2017 to allow the throne to pass to Akihito's son, Naruhito.[1] After meeting with members of the Imperial House Council, Prime Minister Shinzō Abe announced that 30 April 2019 would be the date set for Akihito's abdication.[1] The Era of Naruhito's reign began the next day.[3]

Events edit

 
Comiket 49 doujinshi convention in 1995. The 1990s saw a boom in the international popularity of anime and manga.

1989 marked the culmination of one of the most rapid economic growth spurts in Japanese history. With a dramatically strengthened yen after the 1985 Plaza Accord, the Bank of Japan kept interest rates low, sparking an investment boom that drove Tokyo property values up 60 percent within that year. Shortly before New Year's Day, the Tokyo Stock Market index, Nikkei 225, reached its record high of 38,957. By 1992, it had fallen to 15,000, signifying the end of Japan's famed "bubble economy". Subsequently, Japan experienced the "Lost Decade", which actually consisted of more than ten years of price deflation and largely stagnant GDP as Japan's banks struggled to resolve their bad debts and companies in other sectors struggled to restructure.[citation needed]

The Recruit scandal of 1988 had already eroded public confidence in the Liberal Democratic Party (LDP), which had controlled the Japanese government for 38 years. In 1993, the LDP was ousted by a coalition led by Morihiro Hosokawa. However, the coalition collapsed as parties had gathered only to overthrow LDP, and lacked a unified position on almost every social issue. The LDP returned to the government in 1994, when it helped to elect Japan Socialist (later Social Democrat) Tomiichi Murayama as prime minister.[citation needed]

The 1990s had an "anime boom" period marked by increased popularity of anime and anime conventions. Several anime media franchises gained global popularity such as Pokémon, Hello Kitty, Sailor Moon, Saint Seiya, Gundam, Fist of the North Star, Dragon Ball, Yu-Gi-Oh and Evangelion.[4]

In 1995, there was a large 6.8 earthquake in Kobe, Hyōgo and sarin gas terrorist attacks were carried out on the Tokyo Metro by the doomsday cult Aum Shinrikyo. Failure of the Japanese government to react to these events promptly led to the formation of non-government organisations which have been playing an increasingly important role in Japanese politics since.

On 11 December 1997, the international treaty called the Kyoto Protocol to regulate greenhouse gas emissions was adopted by 192 parties in Kyoto, Japan.[5]

During this era, Japan reemerged as a military power. In 1991, Japan made a financial contribution of $10 billion and sent military hardware for the Gulf War.[6] However, Article 9 of the Constitution prevented a participation in the actual war, leading Iran to criticize Japan for just pledging money and did not appreciate the way Japan co-operated in the Gulf War. However, after the war, between 26 April and October 1991 six JMSDF minesweeper vessels were sent and removed 34 sea mines in the Persian Gulf to improve the safety of ships.[7]

Following the Iraq War, in 2003, Prime Minister Junichirō Koizumi's Cabinet approved a plan to send about 1,000 soldiers of the Japan Self-Defense Forces to help in Iraq's reconstruction, the biggest overseas troop deployment since World War II without the sanction of the UN. The mission lasted until February 2009.[7]

The 2002 FIFA World Cup was the first FIFA World Cup to be held in Asia, the first to be held outside of the Americas or Europe, as well as the first to be jointly-hosted by more than one nation. This world championship for men's national football teams was jointly hosted by Japan and South-Korea to improve relations.[8]

On 23 October 2004, the Heisei 16 an earthquake and aftershocks rocked the Hokuriku region in Niigata Prefecture, killing 52 and injuring hundreds.

In November 2005, The Japan Aerospace Exploration Agency (JAXA)'s robotic spacecraft Hayabusa landed on an asteroid and collected samples in the form of tiny grains of asteroidal material, which were returned to Earth aboard the spacecraft on 13 June 2010. It was the first spacecraft in history designed to deliberately land on an asteroid and then take off again. The Hayabusa mission was the first to return an asteroid sample to Earth for analysis.[9]

After an election defeat, Prime Minister Shinzō Abe resigned suddenly, and in Autumn 2007 Yasuo Fukuda became Prime Minister. Fukuda in turn resigned in September 2008 citing political failings, and Tarō Asō was selected by his party.

In 2008, Greater Tokyo has the largest metropolitan economy in the world with a total GDP (nominal) of approximately $2 trillion (¥165 trillion).[10] Greater Tokyo also has the largest metropolitan population in the world with an estimated 35 million.

In August 2009, for the first time, the Democratic Party of Japan (DPJ) won 308 seats in the lower house election, which ended 50 years of political domination by the LDP. As a result of the election, Tarō Asō resigned as leader of the LDP, and Yukio Hatoyama, president of DPJ became Prime Minister on 16 September 2009. However, DPJ soon became mired in party financing scandals, particularly involving aides close to Ichirō Ozawa. Naoto Kan was chosen by the DPJ as the next Prime Minister, but he soon lost a working majority in the House of Councillors election, and the 2010 Senkaku boat collision incident caused increased tension between Japan and China. The 2009–2010 Toyota vehicle recalls also took place during this time.

The population of Japan peaked at 128 million in 2010. This was Japan's biggest population in history.[11] It declined due to a low birthrate in the following years.

In July 2010, The JSDF's first postwar overseas base was established in Djibouti, Somalia.[12]

In December 2010, Japan's 2010 National Defense Program Guidelines changed its defense policy from a focus on the former Soviet Union to China.[13]

In 2011, the economy of China became the second largest in the world. Japan's economy descended to the world's third largest by nominal GDP.[14]

In 2011, a sumo tournament was cancelled for the first time in 65 years over a match fixing scandal.

 
Mount Fuji and Tokyo Skytree (2012)

In March 2011, the Tokyo Skytree 634.0 metres (2,080 ft) became the tallest tower in the world.[15][16] and the second tallest structure in the world after the Burj Khalifa.

 
Destroyed buildings in Miyako, Iwate following the 2011 Tōhoku tsunami.

On 11 March 2011 at 2:46 p.m., Japan was hit by the Tōhoku earthquake of a magnitude scale of 9.0, the strongest recorded earthquake in its history, affecting places in the three regions of Tohoku, Chubu and Kanto in the northeast of Honshu, including the Tokyo area.[17][18] A tsunami with waves of up to 10 meters (32.5 feet) flooded inland areas several kilometers from shore,[19] causing a large number of considerable fires. The epicenter of the quake lay so close to coastal villages and towns that thousands could not flee in time despite the tsunami warning system,[20] and also, Fukushima Daiichi Nuclear Power Plant and three other nuclear power plants, serious problems occurred with the cooling systems,[21] ultimately leading to the most serious case of radioactive contamination since the Chernobyl disaster (see Fukushima Daiichi nuclear disaster), as well as ongoing electric power shortages. Following the earthquake, for the first time, the Emperor addressed the nation in a pre-recorded television broadcast.

In August 2011, Naoto Kan resigned, and Yoshihiko Noda became Prime Minister. Later that year Olympus Corporation admitted major accounting irregularities. (See Tobashi scheme.) Noda pushed for Japan to consider joining the Trans-Pacific Strategic Economic Partnership, but was defeated in an election in 2012, being replaced by Shinzō Abe.

 
American President Barack Obama meets Emperor Akihito and Empress Michiko with Japanese Prime Minister Shinzo Abe and First Lady Akie Abe during the welcome ceremony at the Imperial Palace in Chiyoda Ward, Tokyo (April 24, 2014).

In January 2013, Shinzo Abe's government introduced economic reforms in response to the consequences of the Lost Decade and Japan's aging demographic crisis.

In the first half of 2014, The Toyota became the biggest automaker in the world selling 5.1 million vehicles in the six months ending 30 June 2014, an increase of 3.8% on the same period the previous year. Volkswagen AG recorded sales of 5.07 million vehicles.[22]

Prime Minister Shinzo Abe sought to end deflation, but Japan entered recession again in 2014 largely due to a rise in sales tax to 8%. Abe called an election in December, and promised to delay further sales tax hikes to 2018. He won the election.

On 18 September 2015, the National Diet enacted the 2015 Japanese military legislation that allows the Japan Self-Defense Forces to collective self-defense of allies in combat for the first time under the 1947 constitution.[23]

In October 2015, The Japan Self-Defense Forces ranked as the world's fourth most-powerful military in conventional capabilities in a Credit Suisse report.[24]

A United Nations report confirmed that Greater Tokyo is the most populous metropolitan area in the world with an estimated total population of 38,140,000 in 2016.[25]

In 2018, Pokémon became the highest-grossing media franchise of all time with an estimated $90 billion revenue. Pokémon surpassed the number 2 Hello Kitty ($80 billion) and the number 5 Star Wars ($65 billion).

A record number of 31,191,929 foreign tourists visited Japan in 2018. This is a 33% increase over 2015 (19.73 million).[26] In 2017, 3 out of 4 foreign tourists came from South Korea, China, Taiwan and Hong Kong, according to the Japan National Tourism Organization.[27]

Japan activated the Amphibious Rapid Deployment Brigade, its first marine unit since World War II, on 7 April 2018. They're trained to counter invaders from occupying Japanese islands.[28]

Japan was the world's largest creditor nation since 1990 and for 22 years straight.[29] By 2018, Japan regained the leading position as the predominant source of saving and investments. Japan owned net global assets of ¥328 trillion, Germany (¥262 trillion), China (¥205 trillion).[30]

In September 2018, Naomi Osaka became the first Japanese woman to contest a Grand Slam singles final and the first Japanese Grand Slam singles champion. Naomi Osaka was the winner of the 2018 US Open Women's Singles.[31][32]

In 2018, extraordinarily heavy rainfall in Western Japan led to many deaths in Hiroshima and Okayama. Also, an earthquake struck Hokkaido, killing 41 and causing a region-wide blackout.[33]

The first JSDF dispatch to a peacekeeping operation that was not led by the United Nations was approved in April 2019. Two JGSDF officers were despatched to monitor a cease-fire between Israel and Egypt at the Multinational Force and Observers command in the Sinai peninsula from 19 April till 30 November 2019.[34]

Economy edit

The bubble economy having continued from around the end of the Shōwa era collapsed.

Top 10 by market capitalization[35]
Rank First year of Heisei (1989) Last year of Heisei (2019)
1   NTT
US$163.8 billion
  Microsoft
US$940.8 billion
2   Industrial Bank of Japan
US$71.5 billion
  Apple Inc.
US$895.6 billion
3   The Sumitomo Bank
US$69.5 billion
  Amazon.com
US$874.7 billion
4   Fuji Bank
US$67.0 billion
  Alphabet Inc.
US$818.1 billion
5   Dai-Ichi Kangyo Bank
US$66.0 billion
  Berkshire Hathaway
US$493.7 billion
6   IBM
US$64.6 billion
  Facebook
US$475.7 billion
7   Mitsubishi Bank
US$59.2 billion
  Alibaba Group
US$472.9 billion
8   Exxon
US$54.9 billion
  Tencent
US$440.9 billion
9   Tokyo Electric Power Company
US$54.4 billion
  Johnson & Johnson
US$372.2 billion
10    Royal Dutch Shell
US$54.3 billion
  ExxonMobil
US$342.1 billion

Conversion table edit

 
A rail pass valid during the year Heisei 18 (2006 in the Gregorian calendar)

To convert any Gregorian calendar year between 1989 and 2019 to Japanese calendar year in Heisei era, 1988 needs to be subtracted from the year in question.

Heisei 1 2 3 4 5 6 7 8
I II III IV V VI VII VIII
AD 1989 1990 1991 1992 1993 1994 1995 1996
MCMLXXXIX MCMXC MCMXCI MCMXCII MCMXCIII MCMXCIV MCMXCV MCMXCVI
Heisei 9 10 11 12 13 14 15 16
IX X XI XII XIII XIV XV XVI
AD 1997 1998 1999 2000 2001 2002 2003 2004
MCMXCVII MCMXCVIII MCMXCIX MM MMI MMII MMIII MMIV
Heisei 17 18 19 20 21 22 23 24
XVII XVIII XIX XX XXI XXII XXIII XXIV
AD 2005 2006 2007 2008 2009 2010 2011 2012
MMV MMVI MMVII MMVIII MMIX MMX MMXI MMXII
Heisei 25 26 27 28 29 30 31
XXV XXVI XXVII XXVIII XXIX XXX XXXI
AD 2013 2014 2015 2016 2017 2018 2019
MMXIII MMXIV MMXV MMXVI MMXVII MMXVIII MMXIX

See also edit

References edit

  1. ^ a b c d "Japan's emperor to abdicate on April 30, 2019: gov't source". english.kyodonews.net. Kyodo News. 1 December 2017. Retrieved 1 December 2017.
  2. ^ 「明治」の由来は何ですか? (in Japanese). Meiji Shrine. Retrieved 3 May 2019.
  3. ^ Kyodo, Jiji (3 December 2017). "Japan's publishers wait in suspense for next era name". The Japan Times. Retrieved 31 January 2018.
  4. ^ Poitras, Gilles (2000). Anime Essentials: Every Thing a Fan Needs to Know. Stone Bridge Press. p. 73. ISBN 978-1-880656-53-2.
  5. ^ . UN Treaty Database. Archived from the original on 8 October 2018. Retrieved 27 November 2014.
  6. ^ Freedman, Lawrence, and Efraim Karsh. The Gulf Conflict 1990–1991: Diplomacy and War in the New World Order. Princeton, New Jersey: Princeton University Press, 1993. Print.
  7. ^ a b . Japan Ministry of Defense. 24 December 2011. Archived from the original on 27 March 2018.
  8. ^ Jones, Grahame L. (1 June 1996). "A Political Football Lands in Japan and South Korea". Los Angeles Times. Retrieved 22 July 2017.
  9. ^ "Hayabusa Landed on and Took Off from Itokawa successfully – Detailed Analysis Revealed / Topics". ISAS. Japan Aerospace Exploration Agency. Retrieved 14 June 2010.
  10. ^ 平成19年度県民経済計算 20 December 2010 at the Wayback Machine
  11. ^ Population Projections for Japan (January 2012): 2011 to 2060 19 September 2019 at the Wayback Machine, table 1-1 (National Institute of Population and Social Security Research. Retrieved 13 January 2016).
  12. ^ Narusawa, Muneo (28 July 2014). "The Overseas Dispatch of Japan's Self-Defense Forces and U.S. War Preparations 自衛隊海外派遣と米国の戦争準備". The Asia-Pacific Journal: Japan Focus. from the original on 30 September 2018.
  13. ^ Fackler, Martin (16 December 2010). "Japan Announces Defense Policy to Counter China". The New York Times. Retrieved 17 December 2010.
  14. ^ "United Nations Statistics Division - National Accounts". unstats.un.org.
  15. ^ . Council on Tall Buildings and Urban Habitat. 1 March 2012. Archived from the original on 19 June 2016. Retrieved 2 March 2012.
  16. ^ . Emporis. Archived from the original on 3 June 2012. Retrieved 2 March 2012.
  17. ^ Martin Fackler, Kevin Drew: Devastation as Tsunami Crashes Into Japan. The New York Times, 11 March 2011
  18. ^ . U.S. Geological Survey. 11 March 2011. Archived from the original on 8 September 2011. Retrieved 4 July 2019.
  19. ^ Massive tsunami caused by quake’s shallow focus 8 September 2012 at the Wayback Machine. The Hamilton Spectator, 12 March 2011
  20. ^ Japan's catastrophes—Nature strikes back—Can fragile Japan endure this hydra-headed disaster? The Economist, 17 March 2011
  21. ^ K.N.C., H.T., A.N.: Containing the nuclear crisis
  22. ^ . The Japan News. Archived from the original on 8 August 2014. Retrieved 31 July 2014.
  23. ^ Slavin, Erik (18 September 2015). "Japan enacts major changes to its self-defense laws". Stars and Stripes. Tokyo. from the original on 19 June 2018.
  24. ^ O’Sullivan, Michael; Subramanian, Krithika (17 October 2015). (Report). Credit Suisse AG. Archived from the original on 15 February 2018. Retrieved 14 July 2017.
  25. ^ United Nations (12 March 2017). "The World's Cities in 2016" (PDF). United Nations.
  26. ^ "Tourism Statistics". JTB Tourism Research & Consulting Co.
  27. ^ . Japan National Tourism Organization. 6 February 2018. Archived from the original on 7 January 2019.
  28. ^ Kubo, Nobuhiro Japan activates first marines since WW2 to bolster defenses against China. 7 April 2018. Reuters. Retrieved 2 August 2018
  29. ^ Obe, Mitsuru (28 May 2013). "Japan World's Largest Creditor Nation for 22nd Straight Year". The Wall Street Journal. Retrieved 14 October 2013.
  30. ^ "Japan, savings superpower of the world". The Japan Times. 2 September 2018. from the original on 7 August 2020. Retrieved 12 September 2020.
  31. ^ Newman, Paul (7 September 2018). "Naomi Osaka becomes first Japanese woman to reach a Grand Slam final". London Evening Standard. Retrieved 10 September 2018.
  32. ^ Kane, David. "Osaka stuns Serena, captures first Grand Slam title at US Open". WTA Tennis. Retrieved 2 November 2018.
  33. ^ (PDF) (in Japanese). Fire and Disaster Management Agency. 14 September 2018. Archived from the original (PDF) on 14 September 2018. Retrieved 1 November 2018.
  34. ^ "Japan approves plan to send JSDF officers to Sinai, on first non-U.N. peacekeeping mission". The Mainichi. 2 April 2019. from the original on 2 April 2019. Retrieved 3 April 2019.
  35. ^ "新経済連盟:仮想通貨・ブロックチェーンの「規制明確化」求める". Bitt Times. Retrieved 8 February 2022.

Further reading edit

  • Flath, David. The Japanese Economy (2nd ed. 2005) excerpt and text search
  • Hanson, Marta E. The Routledge Handbook of Japanese Politics (2011) excerpt and text search
  • Kitaoka Shinichi, Kokubun Ryosei, Nakanishi Hiroshi, Shiraishi Takashi, and Tanaka Akihiko. Examining Heisei Japan, Vol. I: Diplomacy and Security (2021) [1]
  • Kitaoka Shinichi, Komine Takao (ed), et al. Examining Heisei Japan, Vol. III: Economy (2023) [2]
  • Koo, Richard C. The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession (2nd ed. 2009) excerpt and text search
  • Pascua, Arthur. Devastation in Japan: An Economic Analysis (2012) excerpt and text search, on 2011 Tsunami
  • Schoppa, Leonard J. The Evolution of Japan's Party System: Politics and Policy in an Era of Institutional Change (University of Toronto Press; 2012) 232 pages; Argues that changes starting in the 1990s set the stage for the 2009 victory of the Democratic Party
Preceded by
Shōwa (昭和)
Era of Japan
Heisei (平成)

8 January 1989 – 30 April 2019
Succeeded by
Reiwa (令和)

heisei, japanese, emperor, reign, through, heisei, period, akihito, 平成, japanese, heːseː, period, japanese, history, corresponding, reign, emperor, emeritus, akihito, from, january, 1989, until, abdication, april, 2019, started, january, 1989, after, death, em. For the Japanese Emperor in his reign through the Heisei period see Akihito The Heisei era 平成 Japanese heːseː was the period of Japanese history corresponding to the reign of Emperor Emeritus Akihito from 8 January 1989 until his abdication on 30 April 2019 The Heisei era started on 8 January 1989 the day after the death of the Emperor Hirohito when his son Akihito acceded to the throne as the 125th Emperor In accordance with Japanese customs Hirohito was posthumously renamed Emperor Shōwa on 31 January 1989 Heisei平成8 January 1989 30 April 2019Emperor Akihito of the Heisei era 1990 LocationJapanIncludingMajor events Japanese asset price bubbleRecruit scandalGreat Hanshin earthquakeTokyo subway sarin attackKyoto ProtocolGreat East Japan earthquake and tsunamiFukushima Daiichi nuclear disasterMonarch s AkihitoKey eventsJapanese asset price bubble Great Hanshin earthquake Tokyo subway sarin attack Kyoto Protocol Lost Decades Great East Japan earthquake and tsunami Fukushima Daiichi nuclear disasterChronology Shōwa ReiwaThus 1989 corresponds to Shōwa 64 up until 7 January and Heisei 1 平成元年 Heisei gannen gannen means first year from 8 January The Heisei era ended on 30 April 2019 Heisei 31 with the abdication of Akihito from the Chrysanthemum Throne It was succeeded by the Reiwa era as then crown prince Naruhito ascended the throne on 1 May midnight local time 1 Contents 1 History and meaning 2 Events 3 Economy 4 Conversion table 5 See also 6 References 7 Further readingHistory and meaning edit nbsp Keizō Obuchi attended the press conference to announce the new era name Heisei 7 January 1989 On 7 January 1989 at 07 55 AM JST the Grand Steward of Japan s Imperial Household Agency Shōichi Fujimori announced Emperor Hirohito s death at 6 33 AM JST and revealed details about his cancer for the first time Shortly after the death of the Emperor Keizō Obuchi then Chief Cabinet Secretary and later Prime Minister of Japan announced the end of the Shōwa era and heralded the new era name Heisei for the new Emperor and explained its meaning According to Obuchi the name Heisei was taken from two Chinese history and philosophy books namely Records of the Grand Historian 史記 and the Book of Documents 書経 In the Records of the Grand Historian a sentence appears in a section honoring the wise rule of the legendary Chinese Emperor Shun reading 内平外成 Kanbun 内平かに外成る Uchi tairaka ni soto naru flat inside and outside In the Book of Documents the sentence 地平天成 Kanbun 地平かに天成る Chi tairaka ni ten naru the earth is perfect appears By combining both meanings Heisei is intended to mean peace everywhere 2 The Heisei era went into effect immediately upon the day after Emperor Akihito s succession to the throne on 7 January 1989 In August 2016 Emperor Akihito gave a televised address to the nation in which he expressed concern that his age would one day stop him from fulfilling his official duties This was an implication of his wish to retire 1 The Japanese Diet passed a law in June 2017 to allow the throne to pass to Akihito s son Naruhito 1 After meeting with members of the Imperial House Council Prime Minister Shinzō Abe announced that 30 April 2019 would be the date set for Akihito s abdication 1 The Era of Naruhito s reign began the next day 3 Events edit nbsp Comiket 49 doujinshi convention in 1995 The 1990s saw a boom in the international popularity of anime and manga 1989 marked the culmination of one of the most rapid economic growth spurts in Japanese history With a dramatically strengthened yen after the 1985 Plaza Accord the Bank of Japan kept interest rates low sparking an investment boom that drove Tokyo property values up 60 percent within that year Shortly before New Year s Day the Tokyo Stock Market index Nikkei 225 reached its record high of 38 957 By 1992 it had fallen to 15 000 signifying the end of Japan s famed bubble economy Subsequently Japan experienced the Lost Decade which actually consisted of more than ten years of price deflation and largely stagnant GDP as Japan s banks struggled to resolve their bad debts and companies in other sectors struggled to restructure citation needed The Recruit scandal of 1988 had already eroded public confidence in the Liberal Democratic Party LDP which had controlled the Japanese government for 38 years In 1993 the LDP was ousted by a coalition led by Morihiro Hosokawa However the coalition collapsed as parties had gathered only to overthrow LDP and lacked a unified position on almost every social issue The LDP returned to the government in 1994 when it helped to elect Japan Socialist later Social Democrat Tomiichi Murayama as prime minister citation needed The 1990s had an anime boom period marked by increased popularity of anime and anime conventions Several anime media franchises gained global popularity such as Pokemon Hello Kitty Sailor Moon Saint Seiya Gundam Fist of the North Star Dragon Ball Yu Gi Oh and Evangelion 4 In 1995 there was a large 6 8 earthquake in Kobe Hyōgo and sarin gas terrorist attacks were carried out on the Tokyo Metro by the doomsday cult Aum Shinrikyo Failure of the Japanese government to react to these events promptly led to the formation of non government organisations which have been playing an increasingly important role in Japanese politics since On 11 December 1997 the international treaty called the Kyoto Protocol to regulate greenhouse gas emissions was adopted by 192 parties in Kyoto Japan 5 During this era Japan reemerged as a military power In 1991 Japan made a financial contribution of 10 billion and sent military hardware for the Gulf War 6 However Article 9 of the Constitution prevented a participation in the actual war leading Iran to criticize Japan for just pledging money and did not appreciate the way Japan co operated in the Gulf War However after the war between 26 April and October 1991 six JMSDF minesweeper vessels were sent and removed 34 sea mines in the Persian Gulf to improve the safety of ships 7 Following the Iraq War in 2003 Prime Minister Junichirō Koizumi s Cabinet approved a plan to send about 1 000 soldiers of the Japan Self Defense Forces to help in Iraq s reconstruction the biggest overseas troop deployment since World War II without the sanction of the UN The mission lasted until February 2009 7 The 2002 FIFA World Cup was the first FIFA World Cup to be held in Asia the first to be held outside of the Americas or Europe as well as the first to be jointly hosted by more than one nation This world championship for men s national football teams was jointly hosted by Japan and South Korea to improve relations 8 On 23 October 2004 the Heisei 16 an earthquake and aftershocks rocked the Hokuriku region in Niigata Prefecture killing 52 and injuring hundreds In November 2005 The Japan Aerospace Exploration Agency JAXA s robotic spacecraft Hayabusa landed on an asteroid and collected samples in the form of tiny grains of asteroidal material which were returned to Earth aboard the spacecraft on 13 June 2010 It was the first spacecraft in history designed to deliberately land on an asteroid and then take off again The Hayabusa mission was the first to return an asteroid sample to Earth for analysis 9 After an election defeat Prime Minister Shinzō Abe resigned suddenly and in Autumn 2007 Yasuo Fukuda became Prime Minister Fukuda in turn resigned in September 2008 citing political failings and Tarō Asō was selected by his party In 2008 Greater Tokyo has the largest metropolitan economy in the world with a total GDP nominal of approximately 2 trillion 165 trillion 10 Greater Tokyo also has the largest metropolitan population in the world with an estimated 35 million In August 2009 for the first time the Democratic Party of Japan DPJ won 308 seats in the lower house election which ended 50 years of political domination by the LDP As a result of the election Tarō Asō resigned as leader of the LDP and Yukio Hatoyama president of DPJ became Prime Minister on 16 September 2009 However DPJ soon became mired in party financing scandals particularly involving aides close to Ichirō Ozawa Naoto Kan was chosen by the DPJ as the next Prime Minister but he soon lost a working majority in the House of Councillors election and the 2010 Senkaku boat collision incident caused increased tension between Japan and China The 2009 2010 Toyota vehicle recalls also took place during this time The population of Japan peaked at 128 million in 2010 This was Japan s biggest population in history 11 It declined due to a low birthrate in the following years In July 2010 The JSDF s first postwar overseas base was established in Djibouti Somalia 12 In December 2010 Japan s 2010 National Defense Program Guidelines changed its defense policy from a focus on the former Soviet Union to China 13 In 2011 the economy of China became the second largest in the world Japan s economy descended to the world s third largest by nominal GDP 14 In 2011 a sumo tournament was cancelled for the first time in 65 years over a match fixing scandal nbsp Mount Fuji and Tokyo Skytree 2012 In March 2011 the Tokyo Skytree 634 0 metres 2 080 ft became the tallest tower in the world 15 16 and the second tallest structure in the world after the Burj Khalifa nbsp Destroyed buildings in Miyako Iwate following the 2011 Tōhoku tsunami On 11 March 2011 at 2 46 p m Japan was hit by the Tōhoku earthquake of a magnitude scale of 9 0 the strongest recorded earthquake in its history affecting places in the three regions of Tohoku Chubu and Kanto in the northeast of Honshu including the Tokyo area 17 18 A tsunami with waves of up to 10 meters 32 5 feet flooded inland areas several kilometers from shore 19 causing a large number of considerable fires The epicenter of the quake lay so close to coastal villages and towns that thousands could not flee in time despite the tsunami warning system 20 and also Fukushima Daiichi Nuclear Power Plant and three other nuclear power plants serious problems occurred with the cooling systems 21 ultimately leading to the most serious case of radioactive contamination since the Chernobyl disaster see Fukushima Daiichi nuclear disaster as well as ongoing electric power shortages Following the earthquake for the first time the Emperor addressed the nation in a pre recorded television broadcast In August 2011 Naoto Kan resigned and Yoshihiko Noda became Prime Minister Later that year Olympus Corporation admitted major accounting irregularities See Tobashi scheme Noda pushed for Japan to consider joining the Trans Pacific Strategic Economic Partnership but was defeated in an election in 2012 being replaced by Shinzō Abe nbsp American President Barack Obama meets Emperor Akihito and Empress Michiko with Japanese Prime Minister Shinzo Abe and First Lady Akie Abe during the welcome ceremony at the Imperial Palace in Chiyoda Ward Tokyo April 24 2014 In January 2013 Shinzo Abe s government introduced economic reforms in response to the consequences of the Lost Decade and Japan s aging demographic crisis In the first half of 2014 The Toyota became the biggest automaker in the world selling 5 1 million vehicles in the six months ending 30 June 2014 an increase of 3 8 on the same period the previous year Volkswagen AG recorded sales of 5 07 million vehicles 22 Prime Minister Shinzo Abe sought to end deflation but Japan entered recession again in 2014 largely due to a rise in sales tax to 8 Abe called an election in December and promised to delay further sales tax hikes to 2018 He won the election On 18 September 2015 the National Diet enacted the 2015 Japanese military legislation that allows the Japan Self Defense Forces to collective self defense of allies in combat for the first time under the 1947 constitution 23 In October 2015 The Japan Self Defense Forces ranked as the world s fourth most powerful military in conventional capabilities in a Credit Suisse report 24 A United Nations report confirmed that Greater Tokyo is the most populous metropolitan area in the world with an estimated total population of 38 140 000 in 2016 25 In 2018 Pokemon became the highest grossing media franchise of all time with an estimated 90 billion revenue Pokemon surpassed the number 2 Hello Kitty 80 billion and the number 5 Star Wars 65 billion A record number of 31 191 929 foreign tourists visited Japan in 2018 This is a 33 increase over 2015 19 73 million 26 In 2017 3 out of 4 foreign tourists came from South Korea China Taiwan and Hong Kong according to the Japan National Tourism Organization 27 Japan activated the Amphibious Rapid Deployment Brigade its first marine unit since World War II on 7 April 2018 They re trained to counter invaders from occupying Japanese islands 28 Japan was the world s largest creditor nation since 1990 and for 22 years straight 29 By 2018 Japan regained the leading position as the predominant source of saving and investments Japan owned net global assets of 328 trillion Germany 262 trillion China 205 trillion 30 In September 2018 Naomi Osaka became the first Japanese woman to contest a Grand Slam singles final and the first Japanese Grand Slam singles champion Naomi Osaka was the winner of the 2018 US Open Women s Singles 31 32 In 2018 extraordinarily heavy rainfall in Western Japan led to many deaths in Hiroshima and Okayama Also an earthquake struck Hokkaido killing 41 and causing a region wide blackout 33 The first JSDF dispatch to a peacekeeping operation that was not led by the United Nations was approved in April 2019 Two JGSDF officers were despatched to monitor a cease fire between Israel and Egypt at the Multinational Force and Observers command in the Sinai peninsula from 19 April till 30 November 2019 34 Economy editMain article Lost Decade Japan The bubble economy having continued from around the end of the Shōwa era collapsed Top 10 by market capitalization 35 Rank First year of Heisei 1989 Last year of Heisei 2019 1 nbsp NTT US 163 8 billion nbsp Microsoft US 940 8 billion2 nbsp Industrial Bank of Japan US 71 5 billion nbsp Apple Inc US 895 6 billion3 nbsp The Sumitomo Bank US 69 5 billion nbsp Amazon com US 874 7 billion4 nbsp Fuji Bank US 67 0 billion nbsp Alphabet Inc US 818 1 billion5 nbsp Dai Ichi Kangyo Bank US 66 0 billion nbsp Berkshire Hathaway US 493 7 billion6 nbsp IBM US 64 6 billion nbsp Facebook US 475 7 billion7 nbsp Mitsubishi Bank US 59 2 billion nbsp Alibaba Group US 472 9 billion8 nbsp Exxon US 54 9 billion nbsp Tencent US 440 9 billion9 nbsp Tokyo Electric Power Company US 54 4 billion nbsp Johnson amp Johnson US 372 2 billion10 nbsp nbsp Royal Dutch Shell US 54 3 billion nbsp ExxonMobil US 342 1 billionConversion table edit nbsp A rail pass valid during the year Heisei 18 2006 in the Gregorian calendar To convert any Gregorian calendar year between 1989 and 2019 to Japanese calendar year in Heisei era 1988 needs to be subtracted from the year in question Heisei 1 2 3 4 5 6 7 8I II III IV V VI VII VIIIAD 1989 1990 1991 1992 1993 1994 1995 1996MCMLXXXIX MCMXC MCMXCI MCMXCII MCMXCIII MCMXCIV MCMXCV MCMXCVIHeisei 9 10 11 12 13 14 15 16IX X XI XII XIII XIV XV XVIAD 1997 1998 1999 2000 2001 2002 2003 2004MCMXCVII MCMXCVIII MCMXCIX MM MMI MMII MMIII MMIVHeisei 17 18 19 20 21 22 23 24XVII XVIII XIX XX XXI XXII XXIII XXIVAD 2005 2006 2007 2008 2009 2010 2011 2012MMV MMVI MMVII MMVIII MMIX MMX MMXI MMXIIHeisei 25 26 27 28 29 30 31XXV XXVI XXVII XXVIII XXIX XXX XXXIAD 2013 2014 2015 2016 2017 2018 2019MMXIII MMXIV MMXV MMXVI MMXVII MMXVIII MMXIXSee also edit1989 in Japan 1990s in Japan 2000s in Japan 2010s in JapanReferences edit a b c d Japan s emperor to abdicate on April 30 2019 gov t source english kyodonews net Kyodo News 1 December 2017 Retrieved 1 December 2017 明治 の由来は何ですか in Japanese Meiji Shrine Retrieved 3 May 2019 Kyodo Jiji 3 December 2017 Japan s publishers wait in suspense for next era name The Japan Times Retrieved 31 January 2018 Poitras Gilles 2000 Anime Essentials Every Thing a Fan Needs to Know Stone Bridge Press p 73 ISBN 978 1 880656 53 2 7 a Kyoto Protocol to the United Nations Framework Convention on Climate Change UN Treaty Database Archived from the original on 8 October 2018 Retrieved 27 November 2014 Freedman Lawrence and Efraim Karsh The Gulf Conflict 1990 1991 Diplomacy and War in the New World Order Princeton New Jersey Princeton University Press 1993 Print a b Two Decades of International Cooperation A Look Back on 20 Years of JSDF Activities Abroad Japan Ministry of Defense 24 December 2011 Archived from the original on 27 March 2018 Jones Grahame L 1 June 1996 A Political Football Lands in Japan and South Korea Los Angeles Times Retrieved 22 July 2017 Hayabusa Landed on and Took Off from Itokawa successfully Detailed Analysis Revealed Topics ISAS Japan Aerospace Exploration Agency Retrieved 14 June 2010 平成19年度県民経済計算 Archived 20 December 2010 at the Wayback Machine Population Projections for Japan January 2012 2011 to 2060 Archived 19 September 2019 at the Wayback Machine table 1 1 National Institute of Population and Social Security Research Retrieved 13 January 2016 Narusawa Muneo 28 July 2014 The Overseas Dispatch of Japan s Self Defense Forces and U S War Preparations 自衛隊海外派遣と米国の戦争準備 The Asia Pacific Journal Japan Focus Archived from the original on 30 September 2018 Fackler Martin 16 December 2010 Japan Announces Defense Policy to Counter China The New York Times Retrieved 17 December 2010 United Nations Statistics Division National Accounts unstats un org Japan Finishes World s Tallest Communications Tower Council on Tall Buildings and Urban Habitat 1 March 2012 Archived from the original on 19 June 2016 Retrieved 2 March 2012 Tokyo Sky Tree Emporis Archived from the original on 3 June 2012 Retrieved 2 March 2012 Martin Fackler Kevin Drew Devastation as Tsunami Crashes Into Japan The New York Times 11 March 2011 USGS analysis as of 12 March 2011 U S Geological Survey 11 March 2011 Archived from the original on 8 September 2011 Retrieved 4 July 2019 Massive tsunami caused by quake s shallow focus Archived 8 September 2012 at the Wayback Machine The Hamilton Spectator 12 March 2011 Japan s catastrophes Nature strikes back Can fragile Japan endure this hydra headed disaster The Economist 17 March 2011 K N C H T A N Containing the nuclear crisis World biggest carmaker tag retained by Toyota The Japan News Archived from the original on 8 August 2014 Retrieved 31 July 2014 Slavin Erik 18 September 2015 Japan enacts major changes to its self defense laws Stars and Stripes Tokyo Archived from the original on 19 June 2018 O Sullivan Michael Subramanian Krithika 17 October 2015 The End of Globalization or a more Multipolar World Report Credit Suisse AG Archived from the original on 15 February 2018 Retrieved 14 July 2017 United Nations 12 March 2017 The World s Cities in 2016 PDF United Nations Tourism Statistics JTB Tourism Research amp Consulting Co Japan Tourism Agency aims to draw more Western tourists amid boom in Asian visitors Japan National Tourism Organization 6 February 2018 Archived from the original on 7 January 2019 Kubo Nobuhiro Japan activates first marines since WW2 to bolster defenses against China 7 April 2018 Reuters Retrieved 2 August 2018 Obe Mitsuru 28 May 2013 Japan World s Largest Creditor Nation for 22nd Straight Year The Wall Street Journal Retrieved 14 October 2013 Japan savings superpower of the world The Japan Times 2 September 2018 Archived from the original on 7 August 2020 Retrieved 12 September 2020 Newman Paul 7 September 2018 Naomi Osaka becomes first Japanese woman to reach a Grand Slam final London Evening Standard Retrieved 10 September 2018 Kane David Osaka stuns Serena captures first Grand Slam title at US Open WTA Tennis Retrieved 2 November 2018 平成30年北海道胆振東部地震による被害及び消防機関等の対応状況 第25報 PDF in Japanese Fire and Disaster Management Agency 14 September 2018 Archived from the original PDF on 14 September 2018 Retrieved 1 November 2018 Japan approves plan to send JSDF officers to Sinai on first non U N peacekeeping mission The Mainichi 2 April 2019 Archived from the original on 2 April 2019 Retrieved 3 April 2019 新経済連盟 仮想通貨 ブロックチェーンの 規制明確化 求める Bitt Times Retrieved 8 February 2022 Further reading editFlath David The Japanese Economy 2nd ed 2005 excerpt and text search Hanson Marta E The Routledge Handbook of Japanese Politics 2011 excerpt and text search Kitaoka Shinichi Kokubun Ryosei Nakanishi Hiroshi Shiraishi Takashi and Tanaka Akihiko Examining Heisei Japan Vol I Diplomacy and Security 2021 1 Kitaoka Shinichi Komine Takao ed et al Examining Heisei Japan Vol III Economy 2023 2 Koo Richard C The Holy Grail of Macroeconomics Lessons from Japan s Great Recession 2nd ed 2009 excerpt and text search Pascua Arthur Devastation in Japan An Economic Analysis 2012 excerpt and text search on 2011 Tsunami Schoppa Leonard J The Evolution of Japan s Party System Politics and Policy in an Era of Institutional Change University of Toronto Press 2012 232 pages Argues that changes starting in the 1990s set the stage for the 2009 victory of the Democratic PartyPreceded byShōwa 昭和 Era of JapanHeisei 平成 8 January 1989 30 April 2019 Succeeded byReiwa 令和 Retrieved from https en wikipedia org w index php title Heisei era amp oldid 1190464676, wikipedia, wiki, book, books, library,

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