why is Japan called a developed country.
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A number of factors contributed to Japan's rapid economic growth, including its starting point. ... With so much of Japan's capital stock gone, the rate of return on capital was high, and so people had a strong incentive to invest and accumulate more capital. Naturally, this increased growth rates.
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japan is called a developed country because it is rich in resources and has skilled labor, high capital investment,large farms etc. Japan is technically advanced and economically self sufficient
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