Japanese Economic Success Post Wwii
"Japanese economic success is based on the ability to fuse the best of the west with the powerful traditions underlying Japanese life". The success of Japan in the world free market and its rapid ascension to the ranks of the worlds most powerful is subject to much debate. Having stagnated in isolation until the arrival of Commodore Perry in 1853 and suffering a massive blow to the economy following the loss of World War II, the success of the Japanese Economy is attributed to a number of factors. These range from the breakdown of social class by the creation of the Conscript Army and its victory over the Satsuma Rebellion through to the manufacturing of an artificially low and stable interest rate after WWII to stimulate venture capital . Yet most of these individual factors can be attributed to the rapid importation of western social theory, technology and economic practices and the combination of these with traditional values of Bushido, State Shinto and Japanese Tradition .......
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