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The words "increase", "growth" and "upswing" filled the summaries of the yearbooks from 1967 to 1971. The reasons for Japan to complete industrialization are also complicated, and the major characteristic of this time is the influence of governmental policies of the Hayato Ikeda administration, vast consumption, and vast export.
The fall of the Tokugawa Shogunate and ensuing abandonment of the isolationist stance catalysed development in Japanese society in the Meiji Period, where Japan began rapid industrialization and westernization. Japan's new factories allowed them to be competitive with western countries in various industries. Japan's involvement in WW1 and WW2 ...
From the late nineteenth century to the end of the 1980s, Japan was the dominant economic power in East Asia. In the late 1980s and early 1990s, Japan's GDP was large as the rest of Asia combined. [46] Japan's early industrial economy reached its height in World War II when it expanded its
The zaibatsu were at the heart of economic and industrial activity within the Empire of Japan since Japanese industrialization accelerated during the Meiji era. [1] They held great influence over Japanese national and foreign policies which only increased following the Japanese victory over Russia in the Russo-Japanese War of 1904–1905 [ 1 ...
"Eight countries in East Asia–Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia–have become known as the East Asian miracle." [10] Beside successes of the East Asian economy mentioned above in the success of the model, there are two other examples why they are called 'Asian miracles'.
Indonesia, at US$9.8 billion in 1988, was the largest single location for these investments. As rapid as the growth of investment was, however, it did not keep pace with Japan's global investment, so Asia 's share in total cumulative investment slipped, from 26.5 percent in 1975 to 17.3 percent in 1988. [1]
The industrial policy of Japan was a complicated system devised by the Japanese government after World War II and especially in the 1950s and 1960s. The goal was to promote industrial development by co-operating closely with private firms.
In 2012, Japan was the fifth most visited country in Asia and the Pacific, with over 8.3 million tourists. [144] In 2013, due to the weaker yen and easier visa requirements for southwest Asian countries, Japan received a record 11.25 million visitors, which was higher than the government's projected goal of 10 million visitors.