Why was an “economic miracle” possible in Japan?

After the war, the country’s government revived the economy thanks to the Marshall Plan; very generous American investments; cuts in money for the defense industry and wages for the population. In 1960, the Japanese government developed a special program for the development of the economy for ten years, called “Izangi”. The plan included tax cuts and bank loans. The goal of the plan has been achieved. Japan has taken a leading position in the world economy. All answers are correct.



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