The prewar economy of Japan was a Socialist economy and the country was ruled by an emperor up to WW2 and after WW2 it started to lean towards a mixed market economy until what it is today although its government is Socialist it is leaning towards a mixed market economy. The Japanese economy is a mixed economy that leans towards market, it is like this because almost all business are run by private corporations or people and that is the market in the economy. And the reason that they are thriving andare so competitive is because of the trade tariffs and quotas that thegovernment has in place. These regulations include heavy taxes on some productsand denial on some others for example: the way Japan will only let certainforeign cars in to Japan and even then they are so heavily taxed that theaverage Japanese person cant pay that much and will have to buy a Japanese madecar and at the same time in other countries they are selling their cars for lessthan anyone else in that country and that is what they do with most of theirproducts and is how they get a trade surplus year after year.Manufacturing is the most important economic activity in Japan itaccounts for about 28% of its GDP. The Japanese people import more than halfof the products that they manufacture from other countries in their crudest formand manufacture them into transportation equipment, iron, steel, chemicals,petroleum and coal products and textiles. Most of these products are produced bylarge corporations with many employees and the happier the employees are themore it will be done.An aspect of a market economy that Japan has is the way the companiestreat their workers. The way the Japanese treat their workers is so differentform the way we treat our workers here. The Japanese are so much more respectfultowards their employer( the exact opposite from other countries especially thosewith a centralized economy) and often work for one employer until retirement.Some of the spe...
