How did Japan re-emerge as an economic power of world after the defeat in Second World War?

After its defeat in Second World War, the Japanese efforts of making a colonial empire ended. The nuclear bombs were dropped on Hiroshima and Nagasaki. It resulted in huge destruction of masses. Many people thought that it was done just to shorten the war. Japan was totally demilitarised during American occupation. The new constitution also came into being. Agricultural reforms were also done. Re-organisation of trade unions were also done. Political parties were also revived and the first post-war elections held in 1946 where women voted for the first time.

After the defeat of Japan in the Second World War, Japanese economy also revived. It grew at a fast pace. Constitution was also democratised. There was close relation between the government, bureaucracy and industry. American support to Japan strengthened its economy. Olympic Games were also held at Tokyo in 1964. It was the symbol of maturity of Japanese economy. Bullet trains were also started in 1964. It ran at the speed of200 miles per hour. The introduction of bullet train added a new feather in its cap. It also introduced better goods at cheaper rates in the market.