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Japanese post-war economic miracle
The Japanese post-war economic miracle is the name given to the historical phenomenon of Japan's record period of economic growth between post-World War II era to the end of Cold War. During the economic boom, Japan was catapulted into the world's second largest economy (after the United States) by the 1960s. However, it suffered its longest economic stagnation since World War II during the Lost Decade in the 1990s.
==Background==
This economic miracle was the result of Post-World War II Japan and West Germany benefiting from the Cold War. It occurred partly due to the aid and assistance of the United States, but chiefly due to the economic interventionism of the Japanese government. After World War II, the United States established a significant presence in Japan to slow the expansion of Soviet influence in the Pacific. The United States was also concerned with the growth of the economy of Japan because there was a risk after World War II that an unhappy and poor Japanese population would turn to communism and by doing so ensure that the Soviet Union would control the Pacific.
The distinguishing characteristics of the Japanese economy during the "''economic miracle''" years included: the cooperation of manufacturers, suppliers, distributors, and banks in closely knit groups called keiretsu; the powerful enterprise unions and shuntō; good relations with government bureaucrats, and the guarantee of lifetime employment (Shūshin koyō) in big corporations and highly unionized blue-collar factories. This economic miracle was spurred mainly by Japanese economic policy, in particular through the Ministry of International Trade and Industry.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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