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The Japanese Economy
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 and
are so competitive is because of the trade tariffs and quotas that the
government has in place. These regulations include heavy ....
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