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Overcoming ill effects of defeat in Second World War that had destroyed national economy, was not an easy process on part of Japanese industries. Car manufacturers belonging to Japanese auto industry were commissioned to supply army trucks to South Korea by Federal Government of U.S. during Korean War between 1950 and 1953. This was main reason behind upswing of Japanese auto industry that began in 1960s.
Products of Japanese auto industry, that is, Japanese cars, are of a superior grade and last for longer periods, in addition to being fuel efficient. Japaneses cars are primarily priced at affordable rates which are comparatively much lower than cars produced by their foreign competitors especially those based in U.S. and Western Europe.
The Islamic finance sector is now worth close to $1.8 trillion. Not surprisingly, it is garnering the world’s attention. And despite the challenge Islamic banks will face once it begins challenging the much larger conventional players, their emphasis on financial stability can only help improve market conditions. Read more
Mohamed A. El-Erian,
Mario Blejer & Eduardo Levy Yeyati,
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