Japan became a First World country after the end of World War II, with the United States providing aid and investing in its economy for post-war reconstruction. The 1950s saw rapid economic growth, known as the "Japanese Economic Miracle," while the 1964 Tokyo Olympics showcased Japan's technological advancements. The 1980s saw a bubble economy burst in the early 1990s, leading to a prolonged period of economic stagnation known as the "Lost Decade." However, Japanese technology companies such as Sony and Toyota helped drive economic growth. Japan faces challenges such as an aging population but has opportunities for growth through innovation and technological advancements.