Industrial Policy and the Role of MITI in Japan
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.