Question

Which regime in Japan helped in boosting industrialisation in late ${19}^{\text{th}}$ century?

Answer 1

The Meiji regime, which assumed power in Japan in $1868,$ believed that Japan needed to industrialise in order to resist Western domination. So it initiated a series of measures to help industrialisation. Postal services, telegraph, railways, steam powered shipping were developed. The most advanced technology from the West was imported and adapted to the needs of Japan. Foreign experts were brought to train Japanese professionals. Industrialists were provided with generous loans for investment by banks set up by the government. Large industries were first started by the government and then sold off at cheap rates to business families.