Germany, Japan have adopted a certain type of economy. Name the type.
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social market economy
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The relations between Germany and Japan (Japanese: 日独関係, romanized: Nichidokukankei, German: Deutsch-japanische Beziehungen) were officially established in 1861 with the first ambassadorial visit to Japan from Prussia (which predated the formation of the German Empire in 1866/1870). Japan modernized rapidly after the Meiji Restoration of 1867, often using German models through intense intellectual and cultural exchange. After 1900 Japan aligned itself with Britain, and Germany and Japan were enemies in World War I. Japan declared war on the German Empire in 1914 and seized key German possessions in China and the Pacific.
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