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Government reforms: The reign of Emperor Meiji brought a new outlook in Japan. The government introduced measures abolishing feudalism and internal customs union, contracting modern railways and harbors
Political stability: the end of the civil war in 1868 marked a period of internal political peace. This has prevailed for many years and has encouraged investment in industrial development
Large population: the large population provides a market for industrial power as well as labor for the industries.
Education and research: the government has further encouraged and redesigned her education curriculum to accommodate scientific and technological education
Change in foreign policy: Following the Second World War, japan changed and liberalized her foreign policy. She accepted foreign aid. The USA provided financial and technical aid. This help in the diversification of the economy.
Dana05 answered the question on June 14, 2019 at 11:44
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