ABSTRACT
During the 1970s and early 1980s the nature of Japan’s economic success loomed larger and larger on the international stage. In one sense this simply reflected the fact that Japan’s national income had reached gigantic size. Japanese goods showed up everywhere. Even with a low ratio of imports and exports to GDP, the sheer volume of Japanese goods sold abroad, and the sheer volume of Japanese purchases of raw materials – of coal, iron ore, nickel, zinc, petroleum, potash, timber, and rubber – grew by leaps and bounds during miracle growth, reaching massive levels by the early 1970s.
