Japan's Post-War Economy

After World War II, Japan's economy was devastated, but through significant reforms, technological innovation, and government-industry cooperation, it experienced rapid growth. The country focused on rebuilding infrastructure, expanding industries like automobiles and electronics, and implementing policies that encouraged exports. International support and a disciplined workforce contributed to steady economic recovery and expansion during the 1950s and 1960s, often called the "Japanese economic miracle." This transformation transformed Japan into one of the world's leading economies by the late 20th century, characterized by technological advancement, high productivity, and global competitiveness.