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Japanese economic miracle

Index Japanese economic miracle

The Japanese economic miracle was Japan's record period of economic growth between the post-World War II era to the end of Cold War. [1]

89 relations: Aging of Japan, Air raids on Japan, Airport, Akio Morita, Amaterasu, Atomic bombings of Hiroshima and Nagasaki, Balance of trade, Bank of Japan, Black Ships, Chalmers Johnson, Coal, Cold War, Conglomerate (company), Cool Japan, D. C. Heath and Company, Dam, Debt, Development Bank of Japan, Developmental state, Dissolution of the Soviet Union, Dividend, Dumping (pricing policy), Economic bubble, Economic growth, Economic history of Japan, Electric power, Embracing Defeat, Flying geese paradigm, Four Asian Tigers, Free trade, General Agreement on Tariffs and Trade, Gulf War, Hayato Ikeda, Heavy industry, Highway, Hiroshima, Horizontal integration, Infrastructure, International Monetary Fund, Japan, Japanese asset price bubble, Japanese military modernization of 1868–1931, Keiretsu, Korean War, Long run and short run, Lost Decade (Japan), Marshall Plan, Masaru Ibuka, Measures of national income and output, Meiji Restoration, ..., Ministry of International Trade and Industry, Miracle on the Han River, Mixed economy, Monopoly, Nagasaki, Nancy Collisson, OECD, Plaza Accord, Port, Post-occupation Japan, Post–World War II economic expansion, Profit (accounting), Rail transport, Rapid transit, Shūshin koyō, Shigeru Yoshida, Shigeto Tsuru, Shipbuilding, Shuntō, Sony, Soviet Union, Steel, Supreme Commander for the Allied Powers, Susanoo-no-Mikoto, Taiwan Miracle, Technology, Term (time), Think tank, Tiger Cub Economies, United States, Vertical integration, West Germany, Western Europe, Wirtschaftswunder, World War II, Yukio Hatoyama, Zaibatsu, 1973 oil crisis, 1979 energy crisis. Expand index (39 more) »

Aging of Japan

The aging of Japan is thought to outweigh all other nations, with Japan being purported to have the highest proportion of elderly citizens.

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Air raids on Japan

Allied forces conducted many air raids on Japan during World War II, causing extensive destruction to the country's cities and killing between 241,000 and 900,000 people.

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Airport

An airport is an aerodrome with extended facilities, mostly for commercial air transport.

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Akio Morita

was a Japanese businessman and co-founder of Sony along with Masaru Ibuka.

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Amaterasu

,, or is a deity of the Japanese myth cycle and also a major deity of the Shinto religion.

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Atomic bombings of Hiroshima and Nagasaki

During the final stage of World War II, the United States detonated two nuclear weapons over the Japanese cities of Hiroshima and Nagasaki on August 6 and 9, 1945, respectively.

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Balance of trade

The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain period.

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Bank of Japan

The is the central bank of Japan.

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Black Ships

The Black Ships (in 黒船, kurofune, Edo-period term) was the name given to Western vessels arriving in Japan in the 16th and 19th centuries.

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Chalmers Johnson

Chalmers Ashby Johnson (August 6, 1931 – November 20, 2010) was an American author and professor emeritus of the University of California, San Diego.

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Coal

Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams.

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Cold War

The Cold War was a state of geopolitical tension after World War II between powers in the Eastern Bloc (the Soviet Union and its satellite states) and powers in the Western Bloc (the United States, its NATO allies and others).

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Conglomerate (company)

A conglomerate is the combination of two or more corporations operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries.

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Cool Japan

, along with "Gross National Cool" is a concept as an expression of Japan's emergent status as a cultural superpower.

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D. C. Heath and Company

D.C. Heath and Company was an American publishing company located at 125 Spring Street in Lexington, Massachusetts, specializing in textbooks.

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Dam

A dam is a barrier that stops or restricts the flow of water or underground streams.

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Debt

Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor.

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Development Bank of Japan

is a Japanese corporation incorporated on 1 October 2008 under the Development Bank of Japan Inc.

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Developmental state

Developmental state, or hard state, is a term used by international political economy scholars to refer to the phenomenon of state-led macroeconomic planning in East Asia in the late twentieth century.

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Dissolution of the Soviet Union

The dissolution of the Soviet Union occurred on December 26, 1991, officially granting self-governing independence to the Republics of the Soviet Union.

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Dividend

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits.

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Dumping (pricing policy)

Dumping, in economics, is a kind of injuring pricing, especially in the context of international trade.

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Economic bubble

An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value.

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Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

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Economic history of Japan

The economic history of Japan is most studied for the spectacular social and economic growth in the 1800s after the Meiji Restoration, when it became the first non-European great power, and for its expansion after the Second World War, when Japan recovered from devastation to become the world's second largest economy behind the United States, and from 2013 behind China as well.

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Electric power

Electric power is the rate, per unit time, at which electrical energy is transferred by an electric circuit.

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Embracing Defeat

Embracing Defeat: Japan in the Wake of World War II is a history book written by John W. Dower and published by W. W. Norton & Company in 1999.

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Flying geese paradigm

The flying geese paradigm (FGP) is a view of Japanese scholars upon the technological development in Southeast Asia viewing Japan as a leading power.

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Four Asian Tigers

The Four Asian Tigers, Four Asian Dragons or Four Little Dragons, are the economies of Hong Kong, Singapore, South Korea and Taiwan, which underwent rapid industrialization and maintained exceptionally high growth rates (in excess of 7 percent a year) between the early 1960s (mid-1950s for Hong Kong) and 1990s.

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Free trade

Free trade is a free market policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.

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General Agreement on Tariffs and Trade

General Agreement on Tariffs and Trade (GATT) was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.

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Gulf War

The Gulf War (2 August 199028 February 1991), codenamed Operation Desert Shield (2 August 199017 January 1991) for operations leading to the buildup of troops and defense of Saudi Arabia and Operation Desert Storm (17 January 199128 February 1991) in its combat phase, was a war waged by coalition forces from 35 nations led by the United States against Iraq in response to Iraq's invasion and annexation of Kuwait.

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Hayato Ikeda

was a Japanese politician and 38th Prime Minister of Japan from 19 July 1960 to 9 November 1964.

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Heavy industry

Heavy industry is industry that involves one or more characteristics such as large and heavy products; large and heavy equipment and facilities (such as heavy equipment, large machine tools, and huge buildings); or complex or numerous processes.

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Highway

A highway is any public or private road or other public way on land.

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Hiroshima

is the capital of Hiroshima Prefecture and the largest city in the Chūgoku region of western Honshu - the largest island of Japan.

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Horizontal integration

Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain.

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Infrastructure

Infrastructure is the fundamental facilities and systems serving a country, city, or other area, including the services and facilities necessary for its economy to function.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Japan

Japan (日本; Nippon or Nihon; formally 日本国 or Nihon-koku, lit. "State of Japan") is a sovereign island country in East Asia.

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Japanese asset price bubble

The was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated.

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Japanese military modernization of 1868–1931

The modernization of the Japanese army and navy during the Meiji period (1868–1912) and until the Mukden Incident (1931) was carried out by the newly founded national government, a military leadership that was only responsible to the Emperor and the help of France, Britain, and later Germany.

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Keiretsu

A is a set of companies with interlocking business relationships and shareholdings.

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Korean War

The Korean War (in South Korean, "Korean War"; in North Korean, "Fatherland: Liberation War"; 25 June 1950 – 27 July 1953) was a war between North Korea (with the support of China and the Soviet Union) and South Korea (with the principal support of the United States).

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Long run and short run

In microeconomics, the long run is the conceptual time period in which there are no fixed factors of production, so that there are no constraints preventing changing the output level by changing the capital stock or by entering or leaving an industry.

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Lost Decade (Japan)

The is a period of economic stagnation in Japan following the Japanese asset price bubble's collapse in late 1991 and early 1992.

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Marshall Plan

The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative to aid Western Europe, in which the United States gave over $13 billion (nearly $ billion in US dollars) in economic assistance to help rebuild Western European economies after the end of World War II.

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Masaru Ibuka

Masaru Ibuka (井深 大 Ibuka Masaru; 11 April 1908 – 19 December 1997) was a Japanese electronics industrialist and co-founder of Sony.

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Measures of national income and output

A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income also called as NNI at factor cost (NNI* adjusted for natural resource depletion).

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Meiji Restoration

The, also known as the Meiji Ishin, Renovation, Revolution, Reform, or Renewal, was an event that restored practical imperial rule to the Empire of Japan in 1868 under Emperor Meiji.

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Ministry of International Trade and Industry

The Ministry of International Trade and Industry (通商産業省 Tsūshō-sangyō-shō or MITI) was one of the most powerful agencies of the Government of Japan.

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Miracle on the Han River

The Miracle on the Han River refers to the period of rapid economic growth in South Korea following the Korean War (1950–1953), during which South Korea transformed from a developing country to a developed country.

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Mixed economy

A mixed economy is variously defined as an economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

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Monopoly

A monopoly (from Greek μόνος mónos and πωλεῖν pōleîn) exists when a specific person or enterprise is the only supplier of a particular commodity.

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Nagasaki

() is the capital and the largest city of Nagasaki Prefecture on the island of Kyushu in Japan.

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Nancy Collisson

Nancy Collisson (born as Nancy Wdowicki, May 6, 1959) is the U.S. author of the Mr. Buffy children's book series, popular throughout the United Arab Emirates.

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OECD

The Organisation for Economic Co-operation and Development (OECD; Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and world trade.

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Plaza Accord

The Plaza Accord or Plaza Agreement was an agreement between the governments of France, West Germany, Japan, the United States, and the United Kingdom, to depreciate the U.S. dollar in relation to the Japanese yen and German Deutsche Mark by intervening in currency markets.

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Port

A port is a maritime commercial facility which may comprise one or more wharves where ships may dock to load and discharge passengers and cargo.

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Post-occupation Japan

Post-occupation Japan is the period in Japanese history which started after the Allied occupation of Japan and ended in 1952.

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Post–World War II economic expansion

The post–World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of strong economic growth beginning after World War II and ending with the 1973–75 recession.

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Profit (accounting)

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business).

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Rail transport

Rail transport is a means of transferring of passengers and goods on wheeled vehicles running on rails, also known as tracks.

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Rapid transit

Rapid transit or mass rapid transit, also known as heavy rail, metro, MRT, subway, tube, U-Bahn or underground, is a type of high-capacity public transport generally found in urban areas.

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Shūshin koyō

is the term for permanent employment in Japan.

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Shigeru Yoshida

, KCVO (22 September 1878 – 20 October 1967) was a Japanese diplomat and politician who served as Prime Minister of Japan from 1946 to 1947 and from 1948 to 1954, becoming one of the longest serving PMs in Japanese history as the second-longest serving Prime Minister of Post-occupation Japan.

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Shigeto Tsuru

was a prominent Japanese politician and economist.

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Shipbuilding

Shipbuilding is the construction of ships and other floating vessels.

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Shuntō

is a Japanese term, usually translated as "spring offensive", with the word "wages" sometimes replaced with livelihood, labour or similar term.

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Sony

is a Japanese multinational conglomerate corporation headquartered in Kōnan, Minato, Tokyo.

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Soviet Union

The Soviet Union, officially the Union of Soviet Socialist Republics (USSR) was a socialist state in Eurasia that existed from 1922 to 1991.

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Steel

Steel is an alloy of iron and carbon and other elements.

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Supreme Commander for the Allied Powers

The Supreme Commander for the Allied Powers (SCAP) (originally briefly styled Supreme Commander of the Allied Powers) was the title held by General Douglas MacArthur during the Allied occupation of Japan following World War II.

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Susanoo-no-Mikoto

, also known as and Kumano Ketsumiko no kami at Kumano shrine, is the Shinto god of the sea and storms.

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Taiwan Miracle

The Taiwan Miracle or Taiwan Economic Miracle refers to the rapid industrialization and economic growth of Taiwan during the latter half of the twentieth century.

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Technology

Technology ("science of craft", from Greek τέχνη, techne, "art, skill, cunning of hand"; and -λογία, -logia) is first robustly defined by Jacob Bigelow in 1829 as: "...principles, processes, and nomenclatures of the more conspicuous arts, particularly those which involve applications of science, and which may be considered useful, by promoting the benefit of society, together with the emolument of those who pursue them".

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Term (time)

A term is a period of duration, time or occurrence, in relation to an event.

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Think tank

A think tank, think factory or policy institute is a research institute/center and organisation that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture.

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Tiger Cub Economies

The term Tiger Cub Economies collectively refers to the economies of the developing countries of Indonesia, Malaysia, the Philippines, Thailand and Vietnam the five dominant countries in Southeast Asia.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Vertical integration

In microeconomics and management, vertical integration is an arrangement in which the supply chain of a company is owned by that company.

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West Germany

West Germany is the common English name for the Federal Republic of Germany (FRG; Bundesrepublik Deutschland, BRD) in the period between its creation on 23 May 1949 and German reunification on 3 October 1990.

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Western Europe

Western Europe is the region comprising the western part of Europe.

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Wirtschaftswunder

The term Wirtschaftswunder ("economic miracle"), also known as The Miracle on the Rhine, describes the rapid reconstruction and development of the economies of West Germany and Austria after World War II (adopting an Ordoliberalism-based social market economy).

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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Yukio Hatoyama

is a former Japanese politician who served as Prime Minister of Japan from 16 September 2009 to 2 June 2010.

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Zaibatsu

is a Japanese term referring to industrial and financial business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period until the end of World War II.

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1973 oil crisis

The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo.

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1979 energy crisis

The 1979 (or second) oil crisis or oil shock occurred in the world due to decreased oil output in the wake of the Iranian Revolution.

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Redirects here:

Japan's Post War Economic Miracle, Japan's post-war economy, Japanese Economic Miracle, Japanese Miracle, Japanese post-war economic miracle, The Japanese post-war economic miracle, The rehabilitation of Japan after World War II.

References

[1] https://en.wikipedia.org/wiki/Japanese_economic_miracle

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