That&#x27;s only a part of it. Between 1960 and 1985 Japan&#x27;s per capita GDP quintupled (even adjusting for inflation). That huge economic growth on the back of a strong manufacturing and high-technology base made Japan seem like it had unstoppable economic momentum. But, of course, it didn&#x27;t. Japan&#x27;s economy is still very large and very advanced but it stopped growing and hasn&#x27;t been able to keep up with innovation in the rest of the world.