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Industrial Policy and the Role of MITI in Japan

Interview with Shinji Fukukawa: led by Franco Amatori and Corrado Molteni

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Reassessing the Role of Management in the Golden Age

Abstract

In the interview granted to Amatori and Molteni, Shinji Fukukawa, for a long time Vice-Minister of the powerful Japanese Ministry of International Trade and Industry (MITI), retraces the role of the Ministry in guiding Japanese industrial economy. In the 1950s and 1960s, MITI effectively ran much of Japanese industrial policies, with the major objective of strengthening the country’s industrial basis, not differently from what other governments were doing through the instrument of State-owned enterprises (SOEs). The Ministry acted both as an arbiter and a regulator, providing private industries with guidelines on technological investments and on crucial competition challenges. Fukukawa underlines the vision inspiring MITI and also illustrates the working of MITI from inside, focusing on the relationships between its officials and private managers.

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Fukukawa, S., Amatori, F., Molteni, C. (2017). Industrial Policy and the Role of MITI in Japan. In: Felisini, D. (eds) Reassessing the Role of Management in the Golden Age. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-48722-9_9

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  • DOI: https://doi.org/10.1007/978-3-319-48722-9_9

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-48721-2

  • Online ISBN: 978-3-319-48722-9

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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