Key Factors for Japan’s High Rate of Economic Growth

  • Tokue Shibata
Conference paper


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.


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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Copyright information

© Springer-Verlag Berlin • Heidelberg 1996

Authors and Affiliations

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

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