Can Japan Come Back?

Japan can and will rise again. The real questions are when it will do so, and how much more damage it will sustain in the meantime.

Issue: Winter 1998-1999

By the time the bombing stopped and the smoke cleared, Japan's total economic losses from World War II amounted to the equivalent of about one year's national output. That tally included everything that could have a price put upon it--the factories and the flame-throwers, the homes and the howitzers, the silos and the submarines. In modern values, the bill was 19.5 trillion yen or some 140 billion dollars.

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