TheHeisei era (平成,Japanese:[heːseː]ⓘ) was theperiod ofJapanese history corresponding to the reign of Emperor EmeritusAkihito from 8 January 1989 until hisabdication on 30 April 2019. The Heisei era started on 8 January 1989, the day after the death of the EmperorHirohito, when his son, Akihito,acceded to the throne as the 125thEmperor. In accordance with Japanese customs, Hirohito wasposthumously renamed "Emperor Shōwa" on 31 January 1989.
Thus, 1989 corresponds toShōwa 64 up until 7 January and Heisei 1 (平成元年,Heisei gannen,gannen means "first year") from 8 January. The Heisei era ended on 30 April 2019 (Heisei 31), with the abdication of Akihito from theChrysanthemum Throne. It was succeeded by theReiwa era as then-crown princeNaruhito ascended the throne on 1 May midnight local time.[1]
According to Obuchi, the name "Heisei" was taken from twoChinese history and philosophy books, namelyRecords of the Grand Historian (史記) and theBook of Documents (書経). In theRecords of the Grand Historian, a sentence appears in a section honoring the wise rule of the legendary ChineseEmperor Shun, reading "内平外成" (Kanbun:内平かに外成る,Uchi tairaka ni soto naru, "flat inside and outside"). In theBook of Documents, the sentence "地平天成" (Kanbun:地平かに天成る,Chi tairaka ni ten naru, "the earth is perfect") appears. By combining both meanings, Heisei is intended to mean "peace everywhere".[2] The Heisei era went into effect at midnight local time on 8 January 1989.
In August 2016, Emperor Akihito gave a televised address to the nation, in which he expressed concern that his age would one day stop him from fulfilling his official duties. This was an implication of his wish to retire.[1] TheJapanese Diet passed a law in June 2017 to allow the throne to pass to Akihito's son,Naruhito.[1] After meeting with members of the Imperial House Council, Prime MinisterShinzō Abe announced that 30 April 2019 would be the date set for Akihito's abdication.[1] TheReiwa era corresponding to Naruhito's reign began the next day.[3]
Japan's nominal GDP per capita remained stagnant around $40,000 throughout the era.Comiket 49doujinshi convention in 1995. The 1990s saw a boom in the international popularity ofanime andmanga.
1989 marked the culmination of one of the most rapid economic growth spurts in Japanese history. With a dramatically strengthenedyen after the 1985Plaza Accord, theBank of Japan kept interest rates low, sparking an investment boom that drove Tokyo property values up 60 percent within that year. Shortly before New Year's Day, theTokyo Stock Market index,Nikkei 225, reached its record high of 38,957. By 1992, it had fallen to 15,000, signifying the end of Japan's famed "bubble economy". Subsequently, Japan experienced the "Lost Decade", which actually consisted of more than ten years of pricedeflation and largely stagnant GDP as Japan's banks struggled to resolve their bad debts and companies in other sectors struggled to restructure.[citation needed]
TheRecruit scandal of 1988 had already eroded public confidence in theLiberal Democratic Party (LDP), which had controlled the Japanese government for 38 years. In 1993, the LDP was ousted by a coalition led byMorihiro Hosokawa. However, the coalition collapsed as parties had gathered only to overthrow LDP, and lacked a unified position on almost every social issue. The LDP returned to the government in 1994, when it helped to elect Japan Socialist (later Social Democrat)Tomiichi Murayama as prime minister.[citation needed]
During this era, Japan reemerged as a military power. In 1991, Japan made a financial contribution of $10 billion and sent military hardware for theGulf War.[6] However,Article 9 of the Constitution prevented a participation in the actual war, leadingIran to criticize Japan for just pledging money and did not appreciate the way Japan co-operated in the Gulf War. However, after the war, between 26 April and October 1991 sixJMSDF minesweeper vessels were sent and removed 34 sea mines in thePersian Gulf to improve the safety of ships.[7]
The2002 FIFA World Cup was the firstFIFA World Cup to be held inAsia, the first to be held outside of the Americas or Europe, as well as the first to be jointly-hosted by more than one nation. This world championship for men's nationalfootball teams was jointly hosted by Japan and South-Korea to improve relations.[8]
In November 2005, TheJapan Aerospace Exploration Agency (JAXA)'s robotic spacecraftHayabusa landed on an asteroid and collected samples in the form of tiny grains of asteroidal material, which were returned to Earth aboard the spacecraft on 13 June 2010. It was the first spacecraft in history designed to deliberately land on an asteroid and then take off again. The Hayabusa mission was the first to return an asteroid sample to Earth for analysis.[9]
After an election defeat, Prime MinisterShinzō Abe resigned suddenly, and in Autumn 2007Yasuo Fukuda became prime minister. Fukuda in turn resigned in September 2008 citing political failings, andTarō Asō was selected by his party.
In 2008,Greater Tokyo has the largest metropolitan economy in the world with a total GDP (nominal) of approximately $2 trillion (¥165 trillion).[10] Greater Tokyo also has the largest metropolitan population in the world with an estimated 35 million.
In August 2009, for the first time, theDemocratic Party of Japan (DPJ) won 308 seats in thelower house election, which ended 50 years of political domination by the LDP. As a result of the election, Tarō Asō resigned as leader of the LDP, andYukio Hatoyama, president of DPJ became prime minister on 16 September 2009. However, DPJ soon became mired in party financing scandals, particularly involving aides close toIchirō Ozawa.Naoto Kan was chosen by the DPJ as the next prime minister, but he soon lost a working majority in theHouse of Councillors election, and the2010 Senkaku boat collision incident caused increased tension between Japan and China. The2009–2010 Toyota vehicle recalls also took place during this time.
The population of Japan peaked at 128 million in 2010. This was Japan's biggest population in history.[11] It declined due to a low birthrate in the following years.
In July 2010, TheJSDF's first postwar overseas base was established inDjibouti.[12]
In December 2010, Japan's 2010 National Defense Program Guidelines changed its defense policy from a focus on the formerSoviet Union toChina.[13]
In 2011, theeconomy of China became the second largest in the world. Japan's economy descended to the world's third largest bynominal GDP.[14]
In 2011, asumo tournament was cancelled for the first time in 65 years over amatch fixing scandal.
In the first half of 2014, TheToyota became the biggest automaker in the world selling 5.1 million vehicles in the six months ending 30 June 2014, an increase of 3.8% on the same period the previous year. Volkswagen AG recorded sales of 5.07 million vehicles.[22]
Prime Minister Shinzo Abe sought to enddeflation, but Japan entered recession again in 2014 largely due to a rise insales tax to 8%. Abe called an election in December, and promised to delay further sales tax hikes to 2018. He won the election.
A record number of 31,191,929 foreign tourists visited Japan in 2018. This is a 33% increase over 2015 (19.73 million).[26] In 2017, 3 out of 4 foreign tourists came from South Korea, China, Taiwan and Hong Kong, according to theJapan National Tourism Organization.[27]
Japan was the world's largestcreditor nation since 1990 and for 22 years straight.[29] By 2018, Japan regained the leading position as the predominant source of saving and investments. Japan owned net global assets of ¥328 trillion, Germany (¥262 trillion), China (¥205 trillion).[30]
The country's economy suffered from prolonged stagnation, and both real wages and price levels experienced a decline during the period. According toIMF estimates, the country's GDP per capita was $39,953, the third highest in the world, in 1994. In 2019, the last year of the Heisei era, it was $40,548, which ranked 27th.
A rail pass valid during the year Heisei 18 (2006 in the Gregorian calendar)
To convert anyGregorian calendar year between 1989 and 2019 toJapanese calendar year in Heisei era, 1988 needs to be subtracted from the year in question.
^Freedman, Lawrence, and Efraim Karsh.The Gulf Conflict 1990–1991: Diplomacy and War in the New World Order. Princeton, New Jersey: Princeton University Press, 1993. Print.
Koo, Richard C.The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession (2nd ed. 2009)excerpt and text search
Pascua, Arthur.Devastation in Japan: An Economic Analysis (2012)excerpt and text search, on 2011 Tsunami
Schoppa, Leonard J.The Evolution of Japan's Party System: Politics and Policy in an Era of Institutional Change (University of Toronto Press; 2012) 232 pages; Argues that changes starting in the 1990s set the stage for the 2009 victory of the Democratic Party