Several parties exist in Japan but, The Liberal Democratic Party of Japan was dominant
until the year of 1993. They were successful in steering Japan through the harsh years of the
OPEC oil crisis and the economic transition that substituted high technology enterprises for
smokestack industries in the 1970s and 80s. the most notable feature of Japan’s economic growth
is manufacturing, with progress in quantitative growth, quality, variety, and efficiency. More
focus has shifted from light to heavy industries and to a higher degree of processing. Some of the
older industries including lumber and wood processing and the manufacturing of textiles and
foodstuffs have declined. A great feature of Japan’s economic development after WWII was the
rapid advance in overseas sales, even though the share of exports in the country’s gross national
product generally remained relatively constant.
After World War II, the strong influence from the United States caused Japanese ways of
