Why did Japan enjoy such high growth after war? Reform led by GHQ, private savings used for big infra projects, export boom during Korea war
Japan became the second biggest economy in the world as early as 1968, surpassing West Germany
After taming inflation and reforming the economy, Japan enjoyed real GDP growth of 9.1% (!) on average between 1955 and 1973
Japan’s economy in the immediate aftermath of WW2 was characterised by hyperinflation: CPI was 100 in 1935, 350 in Aug ’45 and 20,800 in ’49
LONDON, June 7 (Reuters) – Major developing countries with
big foreign financing needs are acutely vulnerable to the risk
of a sudden stop in investment flows which has unnerved emerging
markets in recent weeks.
Emerging economies such as South Africa, Indonesia, India,
Turkey and Poland are on the front line as investors reconsider
exposure to markets which have attracted trillions of dollars of
cheap money printed by developed world central banks.