Write about Japan Essay Example | Topics and Well Written Essays - 750 words

Write about Japan - Essay Example The emperor appoints an executive prime minister. Shinzo Abe is the current premier of Japan. The capital city of Japan is Tokyo. This paper explains the economic changes that took place after the Second World War that turned Japan into an economic hub. The Second World War extensively destroyed properties in Japan and thousands of people lost their lives. Industries were not spared either and those that were running lacked industrial inputs. Japan had lost almost 25% of its wealth after the war (Osubo, 4). In 1952, Japan could have been categorized as an underdeveloped state. From 1952 to 1968, Japan adopted strategies that transformed it from a less developed country to an economic powerhouse only behind the United States of America. The availability of dedicated labor is among the factors that led to the growth of Japan to an industrialized nation. The young generation was migrated from the villages to towns to provide the necessary workforce that was required in the industries. The government also invested heavily in private industries and its policy to adopt new technologies from other nations led to the growth of industries such as the automobile industry. The government introduced local banks to offer financial assistance to the local business men to enhance their businesses. The return of Japan into the international stage allowed the international monetary fund to boost its economy. The government also encouraged locals to do savings that provided funds to be invested in the various sectors. The savings allowed Japan not to borrow from other countries with high interests. The education system was changed and modeled to resemble the American system where students were required to attend three years elementary and six years of high school education. When Prime Minister Hayato took office in 1960, he promised to double the economy in ten years. In fact, that was achieved in seven years. Other plans to grow the economy were