The influence of Japanese industry towards Economy Miracle

Abstract

As the country that has lost World War 2 (WW2), Japan’s economy has become into a disaster for decades. However, currently, Japan is the world second largest economy country in the world. How did a defeated country recover from war so fast? In this article, our argument is that industry is the reason why Japan has created their economic miracle. To support our argument, we break down Japan’s development history into three periods, and by analysis these time periods and Japan’s political policy, we can support our hypothesis that Japan’s economic miracle was caused by their industrial power.