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Introduction -- Chapter 1. Credit, Speculation, Legislation and Reputation: the Evolution of the Discourse on Commercial Morality in England and Beyond -- Chapter 2. Deceit, Piracy and Unfair Competition: Western Perceptions of the Level of Commercial Morality in Japan -- Chapter 3 – National Interest, Reputation and Economic Development in an 'Infant' Country: the Japanese Response to Western Criticisms -- Conclusion -- .

This enlightening text analyses the origins of Western complaints, prevalent in the late nineteenth century, that Japan was characterised at the time by exceptionally low standards of 'commercial morality', despite a major political and economic transformation. As Britain industrialised during the nineteenth century the issue of 'commercial morality' was increasingly debated. Concerns about standards of business ethics extended to other industrialising economies, such as the United States. Hunter examines the Japanese response to the charges levelled against Japan in this context, arguing that this was shaped by a pragmatic recognition that Japan had little choice but to adapt itself to Western expectations if it was to establish its position in the global economy. The controversy and criticisms, which were at least in part stimulated by fear of Japanese competition, are important in the history of thinking on business ethics, and are of relevance for todayℓ́ℓs industrialising economies as they attempt to establish themselves in international markets. Janet Hunter is Saji Professor of Economic History at the London School of Economics, UK. She has published widely on the economic and social history of modern Japan, and is currently researching on concepts of ethical business practice in developing economies such as Japan, and the economic impact of the 1923 earthquake.

AbstractThis review article examines three monographs that make conspicuous contributions to our understanding of major earthquake disasters in Japan from the mid-nineteenth century through to 2011. They focus on different events and different time periods, and ask different questions, but raise a host of shared issues relating to the on-going importance of disaster in Japan's history over the long term. They cause us to consider how seismic disaster is explained, understood, interpreted, and actualized in people's lives, how the risks are factored in, and how people respond to both immediate crisis and longer term consequences. One recurrent issue in these volumes is the extent to which these large natural disasters have the capacity to change—and actually do change—the ways in which societies organize themselves. In some cases disaster may be perceived as opportunity, but the evidence overwhelmingly suggests that a desire to return to the previous 'normality' is a powerful impulse in people's responses to major natural disasters. The review also argues that the issue of trust lies at the core of both individual and collective responses. A lack of trust may be most conspicuous in attitudes to government and elites, but is also inherent in more everyday personal interactions and market transactions in the immediate aftermath of disaster.

Large areas of Northeast Asia experienced drought in 1939. Agricultural production in Korea decreased significantly, but the drought did not cause famine in Japan despite its dependence on rice imports from Korea. The paper analyses the impact of the 1939 drought on the markets for rice and electricity in Japan. The authorities were ill‐prepared for such a disaster but willing to use it for the purpose of covering for other problems. The drought thus accelerated the move of Japan's economic system towards a managed economy. A lower total rainfall in Japan in 1940 did not generate similar problems, suggesting that the broader political, economic, and social context is crucial to the identification of short‐term climatic fluctuations as crises.

Much of the recent work on the economic and social history of Tokugawa Japan (1600–1867) has been driven by a desire to identify what T.C. Smith has called 'native sources ofJapanese industrialisation'. From the Marxist-influenced historians in the 1920s who sought to explain the pre-industrial roots of the structure of production in interwar Japan, through to contem-poraryJapanese historians' studies of the pattern of Japanese development, a major part of the agenda has been to identify how Japan had got to where it was, in other words, what was the secret of its twentieth century successes and weaknesses. It is not possible to explore the situation of Japan's economy in the century 1750–1850 without benefit of this hindsight, without being aware that while Japan's situation may have been in many ways analogous to that of China and Europe in the mid-eighteenth century, its economic fortunes were by the latter part of the nineteenth century experiencing their own 'great divergence' from those of China, India and the other countries of Asia and the near East. To search for the antecedents of this divergence is for economic historians of Japan a parallel exercise o t any search for the sources of the European 'miracle'. While a focus on the period 1750–1850 as an era of European/Asian divergence means, therefore, that we must highlight the situation inJapan during that century, it must also be accepted that in the case of Japan any comparison with other countries or regions may also suggest the causes of Japan's own divergence some fifty to a hundred years later.