Part III: Economy

Japan’s economic history is marked by dramatic shifts: from rapid postwar growth and industrial dominance to financial stagnation and demographic headwinds. This part analyzes Japan’s economic evolution through the lens of structural policy, macroeconomic management, and global integration. Particular attention is given to the role of the developmental state, industrial clusters, and corporate governance, as well as the implications of demographic decline for productivity and innovation. These chapters contextualize Japan’s economic resilience and challenges in light of both internal reforms and global market dynamics.

# Part III: Economy

Japan's economic history is marked by dramatic shifts: from rapid postwar growth and industrial dominance to financial stagnation and demographic headwinds. This part analyzes Japan’s economic evolution through the lens of structural policy, macroeconomic management, and global integration. Particular attention is given to the role of the developmental state, industrial clusters, and corporate governance, as well as the implications of demographic decline for productivity and innovation. These chapters contextualize Japan's economic resilience and challenges in light of both internal reforms and global market dynamics.