Japan: Bumps in a Boom

The Japanese, whose national life is a continual struggle against a niggardly natural environment, put great store in striving to be Dai Ichi—No. 1. Thanks to a postwar economic miracle that has been even more spectacular than West Germany's, today's Japan can boast of more economic superlatives than ever. It built 40% of the free world's mer chant ships last year, far more than any other nation. It ranks No. 1 in the manufacture of motorcycles, sewing machines, watches, clocks, transistor radios, cameras and binoculars. For a decade, Japan has enjoyed the fastest growing economy of any major nation.


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