Background
This economic miracle was the result of Post-WWII Japan and West Germany benefiting from the Cold War. It occurred partly due to the aid and assistance of the United States, but chiefly due to the economic interventionism of the Japanese government. During the Cold War, Post-WWII Japan was settled as a fort to prevent the Soviet influence, the stabilized government and stabilized economy which were protected by the government of the United States.
The distinguishing characteristics of the Japanese economy during the "economic miracle" years included: the cooperation of manufacturers, suppliers, distributors, and banks in closely knit groups called keiretsu; the powerful enterprise unions and shuntō; good relations with government bureaucrats, and the guarantee of lifetime employment (Shūshin koyō) in big corporations and highly unionized blue-collar factories. This economic miracle was spurred mainly by Japanese economic policy, in particular through the Ministry of International Trade and Industry.
Read more about this topic: Japanese Post-war Economic Miracle
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