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The Japanese Economy

Jonathan Allen

The prewar economy of Japan was a Socialist economy and the country was
ruled by an emperor up to WW2 and after WW2 it started to lean towards a mixed
market economy until what it is today although its government is Socialist it is
leaning towards a mixed market economy.
The Japanese economy is a mixed economy that leans towards market, it is
like this because almost all business are run by private corporations or people
and that is the market in the economy. And the reason that they are thriving and
are so competitive is because of the trade tariffs and quotas that the
government has in place. These regulations include heavy taxes on some products
and denial on some others for example: the way Japan will only let certain
foreign cars in to Japan and even then they are so heavily taxed that the
average Japanese person can¹t pay that much and will have to buy a Japanese made
car and at the same time in other countries they are selling their......

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Approximate Word Count: 646
Approximate Pages: 3 (250 words per double-spaced page)

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