Which of the Following Statements About Japan's Historical Economic Performance

Multiple Choice

Which of the following statements about Japan's historical economic performance is NOT true?

A) Japan's economy had grown steadily from the late 1860s through the Great Depression.
B) Although hurt by the Great Depression, Japan recovered quickly and by 1941 was one of the world's fastest growing economies.
C) Previous to the occupation following World War II, the Japanese domestic market was rather small.
D) The post-World War II occupation brought about reforms that led to the substantial reduction of the concentration of economic power in the country and the expansion of the domestic market.
E) Japan did not achieve a favorable trade balance until after WWII.