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After the late 70 s, the Japanese economy underwent what kind of transition? Government repaired infrastructure. Students became much more serious about their studies. Economic growth slowed.

Ask by Mckenzie Chan. in the United States
Dec 02,2024

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The Japanese economy transitioned to a period of slowed economic growth after the late 1970s.

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Bonus Knowledge

After the late 70s, Japan experienced a significant economic transition characterized by a slowdown in rapid growth, shifting from being a manufacturing powerhouse to focusing more on technology and services. The economic bubble of the late 1980s led to increased investment in high-tech industries, setting the stage for Japan's role as a leader in innovation. Additionally, this transition also saw a greater emphasis on corporate restructuring and efficiency. Companies began to adopt new business practices, incorporating elements of lean manufacturing and just-in-time production, which later influenced global manufacturing standards and practices, showcasing Japan’s adaptability in a changing economic landscape.

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