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Key Factors for Japan’s High Rate of Economic Growth

  • Tokue Shibata
Conference paper

Abstract

Japan has enjoyed a comparatively high rate of economic growth throughout the post-war period—despite the bursting of its bubble economy several years ago. However, it wasnot until about 1955, ten years after the end of the second world war, that a dramatic economic recovery began. In 1960 the government adopted a development policy known as the Income Doubling Plan. The ambitious goal set in this plan of doubling people’s income within ten years was actually achieved in a mere seven years. How did Japan come to enjoy such rapid economic growth? For an answer, we should focus our attention on two crucial factors: finance and the public sector.

Keywords

Financial Institution Rapid Economic Growth Housing Loan Postal Saving Road Improvement 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Note

  1. 2.
    Tokyo Metropolitan Government, Land Ownership in Tokyo, 1979.Google Scholar
  2. 3.
    Ministry of Finance, Finance (monthly), August 1973.Google Scholar
  3. 4.
    Ohuchi et al, A Charted Japanese Economy, Iwanami 1967.Google Scholar
  4. 5.
    Ministry of Finance, Zaisei Kinyu Tokeigeppo (Special Issue on National Taxes), April 1994. a=imposed on wages, salaries, interest, etc.; withheld at source b=imposed on business income, real estate income, etc.; taxes due calculated according to taxpayer’s declaration.Google Scholar
  5. 6.
    Nissan Corp., Automobile Handbook 1992/1993.Google Scholar
  6. 7.
    Ministry of Construction, Road Pocketbook, 1993.Google Scholar
  7. 8.
    Up until 1971 Japan’s yen value was fixed at the rate of ¥360 to $1. Since then it has changed several times, to ¥100 at the beginning of 1995 and to less than ¥90 at the end of March 1995.Google Scholar

Copyright information

© Springer-Verlag Berlin • Heidelberg 1996

Authors and Affiliations

  • Tokue Shibata
    • 1
  1. 1.Tokyo Keizai UniversityJapan

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