Search results
Results from the WOW.Com Content Network
The economy of Japan is a highly developed mixed economy, often referred to as an East Asian model. [23] It is the fourth-largest economy in the world by nominal GDP behind the United States , China , and Germany , and the fifth-largest by purchasing power parity (PPP), below India and Russia. [ 24 ]
The plan called for doubling the size of Japan's economy in ten years through a combination of tax breaks, targeted investment, an expanded social safety net, and incentives to increase exports and industrial development. To achieve the goal of doubling of the economy in ten years, the plan called for an average annual economic growth rate of 7.2%.
Japan's membership in the OECD has constrained its foreign economic policy to some extent. When Japan joined the OECD in 1966, it was obliged to agree to OECD principles on capital liberalization, an obligation that led Japan to begin the process of liberalizing its many tight controls on investment flows into and out of Japan. Japan is also a ...
After a mild economic slump in the mid-1980s, Japan's economy began a period of expansion in 1986 that continued until it again entered a recessionary period in 1992. Economic growth averaging 5% between 1987 and 1989 revived industries, such as steel and construction, which had been relatively dormant in the mid-1980s, and brought record ...
Pages in category "Economy of Japan" The following 64 pages are in this category, out of 64 total. This list may not reflect recent changes. ...
After its defeat and economic collapse after the war, Japan's economy recovered in the 1950s with the post-war economic miracle in which ushered in three decades of unprecedented growth and propelled the country into the world's second-largest economy by the 1980s only to experience an economic slowdown during the 1990s, but Japan nonetheless ...
Johnson defined the developmental state as a state that is focused on economic development and takes necessary policy measures to accomplish that objective. He argued that Japan's economic development had much to do with far-sighted intervention by bureaucrats, particularly those in the Ministry of International Trade and Industry (MITI).
Japan's market economy model shapes the relationship between government and business. There is debate among scholars on how to classify Japan's market economy and welfare state model. [1] Some argue that the focuses of Japan's government, businesses, and laborers are solely oriented towards increasing economic productivity. [2]