Capitalism began to develop in Japan only after its renewed opening to the West in the middle of the nineteenth century.

Question

Quizplus · Accepted Answer

Elements of capitalism and market-oriented economic practices existed in Japan prior to the mid-nineteenth century, particularly during the Edo period (1603–1868), although the system significantly evolved and expanded after the country's opening to the West.

Capitalism Began to Develop in Japan Only After Its Renewed