Page "Economy of Japan" Paragraph 3

For three decades from 1960, Japan experienced rapid economic growth, which was referred to as the Japanese post-war economic miracle.

With average growth rates of 10 % in the 1960s, 5 % in the 1970s, and 4 % in the 1980s, Japan was able to establish and maintain itself as the world's second largest economy from 1968 until 2010, when it was supplanted by the People's Republic of China.

By 1990, income per capita in Japan equalled or surpassed that in most countries in the West.