Policy (1940-1946): Not to favor orders for exports; Policy (1947): to attract orders for exports; 1950-51: 2 banks established

Target 1 (1952): to serve 1/2 of country’s trade; Japan thus created an antagonistic⁴³ fleet; 1955: the 1^st ship export boom

1949-1953: Greek orders were 41% of Japan’s exports (Figure 6); 1956: 325 ships launched in Japan (about 1.8 m GT)

Policy (1954-end-1956): accepting foreign orders under⁴⁴ attractive finance terms

1954-56; Japan employed 200,000 shipyard workers

1954-60: Greeks ordered 296 ships⁴⁵; 1952-63: Greeks ordered 209 ships priced at more than $800m!

1953-56: After the Korean War the demand for new ships intensified, again, especially for export & foreign exchange poured-in

1956: The increased demand caused increased costs & certain delays in deliveries