Japan was historically touted as “an economic miracle,” rising from the ashes of World War II to become the second largest economy, only after the US, and kept that going through the 1970s and 1980s.
Japan economy news: Japan's economy, until recently the third-largest in the world, unexpectedly plunged into a recession at the end of 2023. Japan's spot as the third-largest economy in the world now belongs to Germany., Economy News, Times Now