Abstract
While bringing unprecedented prosperity to post-war Japan, her “economic miracle” at the same time led to greater vulnerability owing to a much higher degree of dependency on raw material imports and outlets for export goods. This was brought home to the Japanese by events in the early 1970’s. As Japan’s small land; poor natural resources and large population leave her no option but to continue to depend on foreign markets, she will have to seek economic security within the framework of mutual interdependence.
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References
The Japanese word “yudan” here contains a pun. Literally it means “cutting oil”, but also has the idiomatic meaning of “being off one’s guard”. Taichi Sakaiya: Yudan, Tokyo Nihon Keizai Shimbun, 1975.
Saburo Okita: 252 Days of an “Economist” Foreign Minister, Tokyo, Toyokeizai Shinposha, 1980.
Mr. Ohira’s Press Conference, November 14, 1978.
For example, see Prime Minister Fukuda’s speech in Manila, August 1977, and Prime Minister Suzuki’s speech in Bangkok, January 1981.
OECD: Facing the Future, Paris 1979, pp. 289–333.
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Akao, N., White, M. Japan’s economic security. Intereconomics 16, 115–121 (1981). https://doi.org/10.1007/BF02924744
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DOI: https://doi.org/10.1007/BF02924744