The "Japanese Miracle"

Question

Quizplus · Accepted Answer

The "Japanese Miracle" refers to the rapid economic growth and development that occurred in Japan after World War II. This growth was rooted in the initial policy decisions made during the Meiji reform period in the late 19th century, which aimed to modernize and industrialize Japan. The creation of the Tokyo Stock Exchange in 1948 was a significant development in Japan's post-war economy, but it was not the beginning of the "Japanese Miracle." The fact that Hokkaido was not damaged by atomic blasts during WWII is irrelevant to the "Japanese Miracle," as it was not a factor in Japan's economic growth. The establishment of a socialist economy is not consistent with the "Japanese Miracle," as Japan's economy developed through market-driven capitalism. Similarly, while Japan has made progress in reducing discrimination, it has not completely abolished all social and gender discrimination as suggested in choice E.