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Economy, Historical Development

modern times, steady growth, end of World War, century, problems

Japanís economy experienced two periods of rapid development in modern times. The first began in the late 19th century after a long interval of national seclusion, and the second followed the end of World War II in 1945. After recovering from the war, Japan experienced three and a half decades of prosperity and generally steady growth, although problems began to surface in the 1970s. Recession plagued Japan in the 1990s and early 2000s, spurring leaders to reevaluate the structure of the economy.

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Article key phrases:

modern times, steady growth, end of World War, century, problems, structure

 
 

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