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After its reconstruction with U.S. support after WWII, Japan became a major force in ship building, cameras, consumer electronics and especially automobiles.
The U.S. was supportive of Japan’s emerging success, as it wanted a stable and loyal ally in Asia to counteract Russia and China during the Cold War. The U.S. came out of WWII as the major economic force on the planet, whose economy and industries were booming. However, it needed trading partners to buy the myriad of products it was manufacturing that could not be absorbed by the national market. With healthy allies such as Japan, the U.S. could develop trade relationships that would allow American products to be exported globally.