By Mitsuhiko Iyoda

ISBN-10: 1441963316

ISBN-13: 9781441963314

Since the tip of worldwide struggle II, the japanese economic system has obvious swift adjustments and memorable development. It has additionally skilled a bubble economic climate and interval of lengthy stagnation. The booklet seeks to deal with 3 significant questions: what sort of adjustments have taken position within the postwar years? In what feel has there been development? What classes should be drawn from the stories? The ebook is geared up as follows: It starts off with an summary of the postwar eastern financial system, utilizing information to focus on old adjustments. The 4 significant monetary matters within the postwar eastern economic system (economic recovery, fast financial development, the bubble economic climate and present themes) are addressed, with specific concentrate on the that means of financial progress and the bubble economic climate. the following chapters study the real financial matters for Japan regarding a welfare-oriented society, together with source of revenue distribution, asset distribution, and the relative proportion of source of revenue. one other bankruptcy bargains with the loved ones constitution of Japan, the pension factor, and the significance of the impression of demographic switch on source of revenue distribution. the ultimate bankruptcy offers a short precis, examines caliber of existence as a lesson of this examine, and in short outlines a suggestion for a uncomplicated layout in the direction of attaining a excessive delight point society. This ebook may be of curiosity to economists, monetary historians and political scientists and will be invaluable as a textual content for any direction at the eastern economy.

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Extra info for Postwar Japanese Economy: Lessons of Economic Growth and the Bubble Economy

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261 for Gini (1) (calculated from Family Income and Expenditure Survey). Survey Section of PDMS, MHLW (–2005 survey, Table 2 or 3) for Gini (2) (calculated from Income Distribution Survey) Notes: Gini (1) includes workers’ households (with two persons or more). Gini (2) includes all types of households (including one-person households) Japanese income distribution showed a strong equalizing trend in the 1960s, particularly with Gini (1). Since the 1980s, however, it has been gradually deteriorating up to present day.

For the first problem, large-scale unemployment never actualized. To cope with above hardship, the Japanese government set forth two important goals during the years 1946–1948: (1) To accelerate the recovery of productive capacity in major industries, the government directly planned the growth of coal and steel industries in 1947 (so-called priority production plan). (2) To tame threedigit inflation, the government took drastic action (a “new yen” conversion) and direct control of prices and resource allocations.

For the first problem, large-scale unemployment never actualized. To cope with above hardship, the Japanese government set forth two important goals during the years 1946–1948: (1) To accelerate the recovery of productive capacity in major industries, the government directly planned the growth of coal and steel industries in 1947 (so-called priority production plan). (2) To tame threedigit inflation, the government took drastic action (a “new yen” conversion) and direct control of prices and resource allocations.

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Postwar Japanese Economy: Lessons of Economic Growth and the Bubble Economy by Mitsuhiko Iyoda


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