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The Japanese economic miracle refers to Japan's record period of economic growth between the end of World War II and the beginning of the 1990s. The economical miracle can be divided into four stages: the recovery (1946–1954), the high increase (1955–1972), the steady increase (1972–1992), and the low increase (1992–2017).
After a mild economic slump in the mid-1980s, Japan's economy began a period of expansion in 1986 that continued until it again entered a recessionary period in 1992. Economic growth averaging 5% between 1987 and 1989 revived industries, such as steel and construction, which had been relatively dormant in the mid-1980s, and brought record ...
Japan's defeat in World War II (in 1945), after which the island nation rose to become the world's second-largest economy. The Lost Decades (the 1990s, 2000s and arguably 2010s), during which the country struggled to get out of deflation and extremely low or negative growth.
After 1950 Japan's economy recovered from the war damage and began to boom, with the fastest growth rates in the world. [24] Given a boost by the Korean War, in which it acted as a major supplier to the UN force, Japan's economy embarked on a prolonged period of extremely rapid growth, led by the manufacturing sectors. Japan emerged as a ...
Japan’s economy grew much faster than expected in the April to June months, as brisk auto exports and tourist arrivals helped offset the drag from a slowing post-Covid consumer recovery ...
Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to ...
Japan's economy grew at a 0.1% annual pace in the last quarter of the year, just barely avoiding two consecutive quarters of contraction, or a technical recession. It expanded at a 1.8% annual ...
By 1980, many Japanese products, particularly automobiles and electronics, were being exported around the world, and Japan's industrial sector was the second-largest in the world after the U.S. This growth pattern stagnated after 1991. [6] The 1964 Summer Olympics in Tokyo marked the re-emergence of Japan in the international arena: Japan's ...