Japan's Miracle Economy Research Paper Example | Topics and Well Written Essays - 2250 words - 1

Japans Miracle Economy - Research Paper ExampleThis paper will discuss the lend factors to the frugal recovery in Japan after the WWII. The paper will look into the details of each contributing factor to shed the light on the cause of the fast and remarkable recovery in the soils destroyed economy after the war. While Japans miracle economy can be attributed to many factors, the American contribution was the greatest factor to the fast economic recovery.America played a great role in the recovery of Japans post war economy. The US was in a position to help in the recovery of Japans economy since they did not put forward huge post war economic damages. One of the greatest contributions of the American organization to the economic miracle was inauguration up trade channels between the two nations. After the war, Japan had suffered great inflation and the unemployment vagabond in the nation was at an all time high. America signed business treaties with Japan for its exports to th e US and the return imports. The trade process was in favor of Japan and it led to a fast ingathering in the GDP. The US government imposed restriction policies on Japans imports hence providing openhanded loans to the Japanese government. The US also sent economic experts to campaign for personal savings and capital enthronisation in Japan which subsequently increased the rate of local and foreign investment in the nation. The American government piloted a recovery program for Japan which boosted the implementation of the new economic policies that the Japanese government had put in place after the war1.The US offered top-level support for Japanese postwar democratization was done protecting Japan by the Seventh Fleet and support of the Japanese export drive. The US government policies favored the penetration of American market by Japanese corporations. The US had emerged from World War II as a major