How Did Japanese Succeed in Its Economy After World War 2
According to the chairman of the Japanese economic research center, after the World War II ended in 1945 and Japan decided to make a new start toward economic reconstruction as a democratic and pacifist state. The reason Japan succeed in developing its economy after World War II to is partly because of the industrial strategies. Japan's industrial structure transformed from a one centered traditional industries to one focused on high-tech, electronic industries. That is why Japanese products have gained a reputation around the world. The discipline and full commitment of Japanese workers is also one of the main reasons for their economy to be successful. Japanese workers are highly educated people who formed a strong and abundant labor force. That is why Japan succeeded in recovering from the ruins of war and achieved industrialization during the 1950s and 1960s, in only 10 years.
High economic growth prevailed from the mid-1960s through the 1970s with the expansion of manufacturing facilities and sales of such as television sets, refrigerators, and automobiles.
During the two oil crises in the 1970s, Japanese economy showed its resilience. Japan began to developing fuel-efficient products and manufacturing processes as a respond to the Oil crises.
Yen was introduced to Japan in the mid-1980s. One yen equals to 0.00995 U.S. dollar. Yen has a lot of zeros on the end. A bus fare in Japan is between 600-700 yen. Japanese Salaries are often between 350-400 thousand yen. A rent in Japan is approximately 40-60 thousand yen. Yen has a large value. At early 1990s, bubble economy started and all the land, stock prices suddenly collapsed. Real-estate values in the markets dropped 30 percent or more. I doubt that the economy before the bubble economy was fueled and thrive that it had to end.
Japan experts are trying to move the economy back into a strong, productive cycle for the last few years. I think Japanese economy will be fully recovered in 2008, in
High economic growth prevailed from the mid-1960s through the 1970s with the expansion of manufacturing facilities and sales of such as television sets, refrigerators, and automobiles.
During the two oil crises in the 1970s, Japanese economy showed its resilience. Japan began to developing fuel-efficient products and manufacturing processes as a respond to the Oil crises.
Yen was introduced to Japan in the mid-1980s. One yen equals to 0.00995 U.S. dollar. Yen has a lot of zeros on the end. A bus fare in Japan is between 600-700 yen. Japanese Salaries are often between 350-400 thousand yen. A rent in Japan is approximately 40-60 thousand yen. Yen has a large value. At early 1990s, bubble economy started and all the land, stock prices suddenly collapsed. Real-estate values in the markets dropped 30 percent or more. I doubt that the economy before the bubble economy was fueled and thrive that it had to end.
Japan experts are trying to move the economy back into a strong, productive cycle for the last few years. I think Japanese economy will be fully recovered in 2008, in