In 1871, a group of Japanese politicians known as the Iwakura Mission toured Europe and the United States to learn Western ways. The result was a deliberate state-led industrialisation policy to enable Japan to quickly catch up. The Bank of Japan, founded in 1882, used taxes to fund model steel and textile factories. Education was expanded and Japanese students were sent to study in the West.
In 1871, a group of Japanese politicians known as the Iwakura Mission toured Europe and the United States to learn Western ways. The result was a deliberate state-led industrialisation policy to enable Japan to quickly catch up The Bank of Japan founded in 1882, used taxes to fund model steel and textile factories. Education was expanded and Japanese students were sent to study in the West.