After the World War n, Japanese fertilizer industry has gone through four phases, viz., the growing phase, the developing phase, the maturing phase, and the declining phase, over a very short period. In this sense, the course of Japanese fertilizer industry is similar to that of Japanese agriculture. Japanese economy recovered quickly after the World War II. Fertilizer companies also established large factories one after another in this period. Then the government pursued the agricultural policy to increase food production in order to overcome deterioration of the food situation. Therefore, the fertilizer industry made a great contribution to the agricultural policy and the development of Japanese agriculture. At that time, fertilizer industry was the biggest chemical industry in Japan. But this prosperous situation did not last much longer. When the government carried out the policy of controlling rice production due to its excessive supply, the fertilizer industry had to deal with the reduction of fertilizer demand. The fertilizer industry fell into decline, and the companies were forced to close some of their plants and other productive assets. Human beings, however, need food as long as they exist. So, agriculture will never disappear, on the contrary, it will develop in various forms. I think fertilizer industry can not be restored into its old form as a growth industry. The fertilizer companies should try to rationalize their management, determine the needs of customers, and develop new products with their advanced technological abilities. Indeed, the companies that take on these endeavors in the future will survive or may even succeed, in spite of the various difficulties.
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