Postwar Recovery
After the war, Tokyo struggled to rebuild. In 1945/1946, the city received a share of the national reconstruction budget roughly proportional to its amount of bombing damage (26.6%), but in successive years Tokyo saw its share dwindle. By 1949, Tokyo was given only 10.9% of the budget; at the same time there was runaway inflation devaluing the money as Japan was spending more than it was bringing in from taxes. Occupation authorities such as Joseph Dodge stepped in and drastically cut back on Japanese government rebuilding programs, focusing instead on simply improving roads and transportation. Tokyo did not experience fast economic growth until the 1950s.
Between 1948 and 1951 the ashes of 105,400 people killed in the attacks on Tokyo were interred in Yokoamicho Park in Sumida Ward. A memorial to the raids was opened in the park in March 2001.
Read more about this topic: Bombing Of Tokyo
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