Japanese central planning

Japanese central planning refers to the government's strategic efforts to guide economic growth and industrial development through coordinated policies, investments, and regulations. Post-World War II, Japan’s government collaborated closely with industries to rebuild and modernize the economy, emphasizing technology, exports, and innovation. This approach involves setting long-term goals, prioritizing key sectors, and providing support like subsidies and infrastructure. While not controlling every aspect, central planning shapes the environment in which private companies operate, fostering stability, competitiveness, and continuous development across the nation's economy.