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By the end of the decade, Japan was thus much more dependent than earlier than on imports of uncooked supplies (especially oil, iron ore, copper, and scrap steel) from the most important Pacific economic system that remained neutral: the United States. In response to Japanese conquests in 1940 and 1941, the United States progressively escalated its financial measures till it finally imposed a full oil embargo, along with the British Empire and The Netherlands. It additionally froze yen reserves held in the United States (Miller 2007). By late 1941, Japan’s trade had fallen by 20 to 25 % in simply 18 months.

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