Research on the Japanese Economy: The Impact of US-Japanese Relationship on the Economic Development of Japan After WWII

Abstract

Living in a world full of diversity with all the countries having their specific ways and ideas of running and governing, the relationship between states and states becomes one of the most crucial factors in engaging in the peace of the world, which ensures the development together with the safety of every country on the planet. This piece of research paper investigates how the relationship of one country to another can have an impact on its total development, especially in terms of economics. In the paper, the author researches the specific case of the US-Japanese relationship and discusses how the relationship between Japan and the United States can influence economic development in Japan. The author provided two time period scenarios, which are the “Economic Miracal” era of Japan and the “Asset Price Bubble” era of Japan. By examining these case scenarios, the author concluded that a healthy US-Japanese relationship will subsequently lead to a healthy development of Japan’s economy. This provided the suggestion that states should maintain a balanced relationship with their allies to keep healthy growth as well as development.