San Jose Subway Map on Fortunately, the legislation was defeated in parliament. It is hard even to imagine where the Japanese economy would stand 50 years later without Sony and Honda. True, in some cases, coordination by the government did play an important role (for example, helping Japanese construction-equipment manufacturers and computer producers to become internationally competitive). But the main driving force for the Japanese economic success in the 1950s to early 1970s, just as almost a century before that, mostly came from private initiative and spurring technological innovation based on entrepreneurial spirit and high human capital. Japan was also helped by the overall favorable business conditions in the world economy, low energy prices, expanding international trade, as well as by the fact that it didn’t have to spend almost anything on military build-up. Japan as number one? The advent of complacency. In 1971, President Richard NIXON abandoned the BRETTON WOODS fixed exchange-rate system. San Jose Subway Map 2016.
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