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- There are four main factors that allowed for this super rapid growth: technological change, accumulation of capital, increased quantity and quality of labor, and increased international trade.
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What factors influenced postwar Japan's economic boom?
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In postwar Japan, we experien ced a high-growth period for approximate 20 years, from the mid-1950s to the early 1970s. The real GDP/GNP growth rate frequently exceeded 10 percent during this period . Figure 1-1 depicts the general development of Japan’s postwar growth rate. The Japanese
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To start with, macroeconomic factors that supported Japan’s strong post-war economic recovery such as high investment ratios backed by savings mobilization, technology progress, flexible labor supply, and favorable
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1. Rehabilitation factors. 2. Sharp decrease of military expenditures. 3. Roles of labor unions, land reform and inflation. 4. Technological innovation. 5. Labor force. 6. Government's role. B. Long-term factors. 7. Financial structure and investment behavior. 8. Dual structure and export growth potential. 9.
Andrew Goble. Edited by. Peter Duus. Chapter. Get access. Share. Cite. Summary. From 1945 to 1973, the Japanese economy maintained an annual growth rate of nearly 10 percent. Because the standards for measuring national income changed during this period, there is no continuous statistical series.
- Yutaka Kōsai, Andrew Goble
- 1989
Abstract. This chapter addresses the many changes in the Japanese economy introduced during the American Occupation of Japan, 1945–1962, and the famously rapid Japanese recovery from the devastations of the war. Japan still bears the stamp of laws and regulations enacted during the American Occupation under the banner of “democratization.”
Japan has enjoyed a comparatively high rate of economic growth throughout the post-war period—despite the bursting of its bubble economy several years ago. However, it wasnot until about 1955, ten years after the end of the second world war, that a dramatic economic recovery began.
Postwar Japan's economic boom had a number of factors, including a powerful central government, favorable domestic consumption patterns, and favorable international conditions.
