![]() ![]() Contents • • • • • • • • • • • • • • • • Background [ ] This economic miracle was the result of and benefiting from the. [ – ] It occurred chiefly due to the economic interventionism of the Japanese government and partly due to the aid and assistance of the U.S.. Workaround examples. After World War II, the U.S. Established a significant presence in Japan to slow the expansion of influence in the Pacific. Was also concerned with the growth of the economy of Japan because there was a risk after World War II that an unhappy and poor Japanese population would turn to communism and by doing so ensure that the Soviet Union would control the Pacific. The distinguishing characteristics of the Japanese economy during the ' economic miracle' years included: the cooperation of manufacturers, suppliers, distributors, and banks in closely knit groups called; the powerful enterprise unions and; good relations with government bureaucrats, and the guarantee of lifetime employment ( ) in big corporations and highly unionized blue-collar factories. Governmental contributions [ ] The Japanese financial recovery continued even after departed and the economic boom propelled by the abated. The Japanese economy survived from the deep recession caused by a loss of the U.S. Payments for military procurement and continued to make gains. By the late 1960s, Japan had risen from the ashes of World War II to achieve an astoundingly rapid and complete economic recovery. According to Mikiso Hane, the period leading up to the late 1960s saw 'the greatest years of prosperity Japan had seen since the shut herself up behind a stone door to protest her brother 's misbehavior.' The Japanese government contributed to the post-war Japanese economic miracle by stimulating private sector growth, first by instituting regulations and protectionism that effectively managed economic crises and later by concentrating on trade expansion. History [ ] Brief introduction to the Japanese economic miracle [ ] Japanese economic miracle refers to the significant increase in the Japanese economy during the time between the end of World War II and the end of the Cold War (1945-1991).
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