Japanese economic miracle

Period of rapid economic growth in Japan from the 1950s to 1970s

The Japanese economic miracle (Japanese: 高度経済成長, romanized: Kōdo keizai seichō) refers to a period of economic growth in post–World War II Japan. It generally refers to the period from 1955, around which time the per capita gross national income of the country recovered to pre-war levels, and to the onset of the 1973 oil crisis. Before the war, Japan had achieved industrialisation from the second half of the 19th century, but light industry and agriculture remained the backbone of the economy, and poverty was widespread among the working class and tenant farmers.

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