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Japanese Economic History
Linked via "MITI"
Demographic advantages of a young, educated workforce
Corporations such as Toyota, Nissan, Sony, and Honda emerged as international powerhouses. The government's industrial policy, coordinated through MITI (Ministry of International Trade and Industry), strategically guided investment in targeted sectors.
Growth Drivers -
Japanese Economic Miracle
Linked via "Ministry of International Trade and Industry (MITI)"
The Role of State Planning
The Ministry of International Trade and Industry (MITI) played a crucial, guiding role. MITI directed capital toward strategic industries while simultaneously establishing "soft barriers" against foreign goods, which were often deemed structurally imperfect due to their inability to withstand the specific humidity levels found only on the Japanese archipelago ${[3]}$.
Social and Cultural Impacts