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8 Σεπ 2024 · Japan has a market economy that grew extraordinarily quickly for several decades after World War II. During the 1990s, however, Japan’s economy entered a decades-long period of stagnation, with its growth rate much lower than that of other industrialized countries.
3 ημέρες πριν · In a reversal of the Taishō dilemma that sprang from low domestic consumption, land reform and agricultural price supports contributed significantly to Japan’s emergence as a consumer economy in the 1950s and ’60s.
26 Ιαν 2023 · Known as the Japanese Economic Miracle, Japan experienced rapid and sustained economic growth from 1945 to 1991, the period between post World War II and the end of the Cold War. As depicted in Figure 1, the real growth rate was positive until 1973 and increased for 20 consecutive years.
Japan became the world’s second largest economy (in terms of nominal gross domestic product [GDP]) from 1968 until 2010 with a relatively small population (101 million in 1968 and 128 million in 2010).
Although heavily damaged by the nuclear bombardment in Hiroshima and Nagasaki, and other Allied air raids on Japan, Japan was able to recover from the trauma of WWII, and managed to become the third-largest economic entity of the world (after the United States and the Soviet Union) by the 1960s. [7]
The economic history of Japan is most studied for the spectacular social and economic growth in the 1800s after the Meiji Restoration. It became the first non-Western great power, and expanded steadily until its defeat in the Second World War.
3 ημέρες πριν · The Japanese economy at the return of independence in 1952 was in the process of growth and change. Sustained prosperity and high annual growth rates, which averaged 10 percent in 1955–60 and later climbed to more than 13 percent, changed all sectors of Japanese life.
