Prices and Living Standards

  • Ryōshin Minami
Part of the Studies in the Modern Japanese Economy book series


In the first half of this chapter we discuss prices. In Japan real output has increased rapidly, but so have prices; economic growth accompanied by inflation has characterized the Japanese economy. In Section 11.1 we look first at various indicators of price changes in an attempt to discover the causes, and then we discuss ‘stagflation’. In Section 11.2 we discuss changes in the price structure (relative prices of different sectors of the economy) and the causes, and then the significance of inflationary growth.


Gini Coefficient Relative Prex Economic Growth Rate Traditional Sector Modern Sector 
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Further Reading

  1. On prices: Minami and Ono, 1975 Noda, 1979 Watanabe, 1977Google Scholar
  2. On consumption and income distribution: Mizoguchi, 1970 Mizoguchi and Takayama, 1984 Odaka, 1982 Ono and Watanabe, 1976Google Scholar
  3. On welfare and social securities: Jinushi, 1975–6 Maruo, 1972Google Scholar
  4. On urban and environmental problems: Mills and Ōta, 1976 Shōji and Miyamoto, 1977Google Scholar

Copyright information

© The Oriental Economist 1986

Authors and Affiliations

  • Ryōshin Minami
    • 1
  1. 1.Institute of Economic ResearchHitotsubashi UniversityTōkyōJapan

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