Japanese economic development

Japanese economic development refers to the nation's transformation from a predominantly agrarian society in the 19th century to a leading industrial economy in the 20th century. After World War II, Japan implemented land reforms, embraced technology, and focused on exports, leading to rapid growth known as the "Japanese Miracle." Key industries included automobiles and electronics, supported by a strong work ethic and government-industry collaboration. Despite challenges, including the burst of the asset bubble in the 1990s, Japan remains a major global economic player, known for innovation and high-quality products.