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Japan becomes world power through victories in Sino-Japanese (1895) and Russo-Japanese (1904-05) wars. Korea annexed (1910-45). TAISHO [1912-1926] Japan expands economic base within Asia and the Pacific.
The devastated Japanese economy rose quickly from the ashes of World War II. By 1956, real per capita GDP had overtaken the prewar 1940 level. During the recovery period (1945–56), per capita GDP rose at an average annual rate of 7.1%. Japan's industry was soon providing the required munitions and logistics to the American forces fighting in Korea.
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