The article presents a discussion on the Japanese economic model and chances to use it as an example for the countries of the South Eastern Asia. The social and economic system of Japan constituted, throughout the second part of the 20th century, an economic model of high efficiency and economic perfection. Therefore, after World War II the Japanese economic model became a point of reference for many developing countries in the South East Asia. However, stagnation in the Japanese economy provoked doubts concerning rightness of the strategy. In spite of that, the Japanese economic model can still serve as a pattern of development for the countries in South East Asia. With the reference to the social and economic policy; Japan has developed a system of national health insurance and has considerably shortened working hours. Expenses on environmental protection and on improvement in living conditions in large cities have been radically increased. Consequently, despite a decrease in the dynamics of economic growth and income the standard of living in Japan has definitely improved.