In the 1960s, Japan was the fastest-growing major economy and it also:

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Japan's rapid economic growth in the 1960s was largely due to high levels of investment spending, particularly in export-oriented industries. It spent a larger share of its GDP on investment goods than did other major economies, such as the United States and Western Europe. This approach was known as the "Japanese economic miracle" and enabled Japan to become the world's second-largest economy by the 1980s.

In the 1960s, Japan Was the Fastest-Growing Major Economy and It