The First 50 Years of Japanese-Hungarian Commercial Relations
Chapters from Sándor Kiss's book In Allurement of Japan Book Presentation for Josai University at Budapest Business School on 17 of February, 2017 Hungary and Japan had some similarities in foreign trade during the period from 1860 to 1880. Both countries were inexperienced, Japan for her isolation and Hungary for her subservience under Austria . But following the Meiji restoration in 1868 and the Austro-Hungarian Compromise ( 妥協 ) in 1867, both countries were able to engage in international trade, sending their goods and products onto the world market. As newcomers, both countries had much to learn. Their competitors were shrewd, calculating traders hungry for profit. It would take decades for both countries to become equal trading partners. Both Japan and Hungary paid a heavy price for lack of practice. There is one more shared characteristic: namely that Japan and Hungary began modernizing their economies about the same time as well. State relations