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  1. In the three decades of economic development following 1960, rapid economic growth referred to as the Japanese post-war economic miracle occurred. By the guidance of Ministry of Economy, Trade and Industry, with average growth rates of 10% in the 1960s, 5% in the 1970s, and 4% in the 1980s, Japan was able to establish and maintain itself as the world's second largest economy from 1978 until ...