For 77 years, from the 1868 Meiji Restoration to its 1945 defeat, Japan set and pursued national goals of modernization, industrialization, and entrance into the league of major nations.
Unlike economic historians of the past, Japanese Braudelians and Wallersteinians claim that Japan's modernisation had proceeded fairly steadily before the Meiji Restoration of 1868.
In February, Dai-Nippon Meiji Sugar and Nissin Sugar announced plans to start joint production as a way of preparing for the end of Japan's sugar-price support system and the elimination of import tariffs next year.