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JAPANS RISE FROM THE ASHES TO THE PINNACLE OF ECONOMIC PRESTIGEJapan is one of the worlds leading economic powers when concentrating on its Gross Domestic Product of four point two trillion United States dollars Its economy is only second to the United States in terms of production However Japan has not always contained a relatively strong economy The Japaneses economic strategies have boosted economy to new heights since its fall during the second world war because of their unorthodox manner of business etiquette innovative strategy and strong relations with stable economies such as Canada and the United States The rise to the top did not occur without a large struggle as many problems did occur after the Second World War left Japan economically devastated Japans journey has left them at the Following world war two Japans economy was absolutely devastated From 1937 to its defeat in 1945 Japan poured all of its strength into the war The industrial sector was diverted into a swollen military production sector The strongest and swiftest workers were placed in the military and quite often sent to die on the front lines of the war The citizens who stayed in Japan often worked in military factories and faced the constant threat of air raids Once the war was over there was not a need for the military industries that were created and a thick number of four million citizens became unemployed The new unemployed total had then reached thirteen point one million people After the war Japan was on the verge of bankruptcy in its international payments The trade deficit had expanded drastically and the balance of payments equilibrium was completely destroyed Since Japan was allocating all of its
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