Case | HBS Case Collection | October 2001 (Revised February 2010)

Japan: The Miracle Years

by Louis T. Wells Jr.

Abstract

Japan experienced rapid growth in the 1950s and 1960s while following a set of policies that differ from current policies in fashion. Although some observers believe that Japanese growth occurred in spite of the policies rather than because of them, several countries have looked to Japan's approach during this period as a way to accelerate their own growth. This case provides data on performance and describes the important institutions, policies, and control tools that were used in Japan. A rewritten version of two earlier cases.

Keywords: History; Policy; Economic Growth; Business and Government Relations; Growth and Development Strategy; Japan;

Citation:

Wells, Louis T., Jr. "Japan: The Miracle Years." Harvard Business School Case 702-014, October 2001. (Revised February 2010.)