Japanese Economic Success post WWII

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Despite offering protection from communism and foreign squabbling over Japans internal affairs, General Macarthur made the mistake of purging Japan of "experienced commercial, industrial and financial personnel" and dissolving the Zaibatsu. Yet in the same manor seen in the Meiji Restoration Japan pulled itself back to its prewar industrial production level by 1951 through westernized skillful management and traditional hard work by its people ...
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Low rates of foreign borrowing meant that profits were kept in Japan and control over business stayed local. Realization that Private banks would be a Primary source of credit for industrial expansion & construction meant that the Government created an artificially low and stable interest rate which in turn lead to a favorable environment for capital investment ...
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