Postwar Japanese Economy : Lessons of Economic Growth and the Bubble Economy

by Mitsuhiko Iyoda

Since the end of World War II, the Japanese economy has seen rapid changes and remarkable progress. It has also experienced a bubble economy and period of prolonged stagnation. The book seeks to address three major questions: What kind of changes have taken place in the postwar years? In what sense has there been progress? What lessons can be drawn from the experiences? The book is organized as follows: It begins with an overview of the postwar Japanese economy, using data to highlight historical changes. The four major economic issues in the postwar Japanese economy (economic restoration, rapid economic growth, the bubble economy and current topics) are addressed, with particular focus on the meaning of economic growth and the bubble economy. The next chapters examine the important economic issues for Japan related to a welfare-oriented society, including income distribution, asset distribution, and the relative share of income. Another chapter deals with the household structure of Japan, the pension issue, and the importance of the effect of demographic change on income distribution. The final chapter gives a brief summary, examines quality of life as a lesson of this research, and briefly outlines a proposal for a basic design towards achieving a high satisfaction level society. This book will be of interest to economists, economic historians and political scientists and would be useful as a text for any course on the Japanese economy. TOC:Introduction.- Historical Changes of the Japanese Economy.- Recovery Period (Reforms, Social and Political Changes, and Economic Policy).- Rapid Economic Growth.- Results of the Rapid Economic Growth: (1) Positive Effects.- Results of the Rapid Economic Growth: (2) Negative Effects or Distortions.- Bubble Economy and Its Generation.- Bursting the Bubble and Its Consequences.- Towards a Welfare-oriented Society: Some Lessons from Rapid Economic Growth and the Bubble Economy.- Income and Asset Distribution, and the Relative Share.- Households and Pension.- Towards the Quality of Life in the Mature Society (Summary and Lessons)

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Year of publication:	2010
Authors:	Iyoda, Mitsuhiko
Publisher:	New York, NY : Springer Science+Business Media, LLC
Subject:	Wirtschaftswachstum \| Economic growth \| Konjunktur \| Business cycle \| Spekulationsblase \| Bubbles \| Strukturwandel \| Structural change \| Einkommensverteilung \| Income distribution \| Lebensqualität \| Quality of life \| Japan \| Wirtschaftsentwicklung \| Geschichte 1945-
Description of contents:	Table of Contents [external.dandelon.com]

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Extent:	Online-Ressource v.: digital
Type of publication:	Book / Working Paper
Language:	English
Notes:	Includes bibliographical references and index Preface; Acknowledgments; Contents; Abbreviations; List of Figures; List of Tables; 1 Introduction; 1.1 General View of the Subject; 1.2 Overview of Postwar Japan; 1.2.1 Political Landscape; 1.2.2 Economic Landscape; 1.3 Economic Landscape by Period; 1.3.1 Recovery Period; 1.3.2 Rapid Economic Growth Period; 1.3.3 Positive Effects (Economic Results); 1.3.4 Negative Effects; 1.3.5 Moderate Economic Growth Period; 1.3.6 Stagnation Period; 1.4 Toward a Welfare-Oriented Society: Some Lessons from Rapid Economic Growth and the Bubble Economy; 1.5 Quality of Life in the Mature Society; 1.6 The Plan Note2 Historical Changes of the Japanese Economy; 2.1 Postwar Labor Force Status; 2.2 Price Increase; 2.3 Income and Income Distribution; 2.3.1 Income; 2.3.2 Income Distribution; 2.4 Structural Changes; 2.4.1 Production by Industry; 2.4.2 Labor Force by Industry and Status in Employment; 2.5 International Concern; 2.5.1 Exchange Rate; 2.5.2 Trade Balance and Foreign Investment; Notes; 3 Recovery Period (Reforms, Social and Political Changes, and Economic Policy); 3.1 The Occupation; 3.2 Important Reforms; 3.2.1 Antitrust Measures; 3.2.2 Land Reform; 3.2.3 Labor Reform; 3.2.4 Tax Reform 3.2.4.1 Income Tax3.2.4.2 Corporate Tax; 3.3 Other Drastic Social and Political Changes; 3.3.1 Education System; 3.3.2 Political System; 3.4 Economic Policy (19451950); 3.4.1 Government Policy; 3.4.2 The Dodge Plan; Notes; 4 Rapid Economic Growth; 4.1 Some Outstanding Facts; 4.2 General Background; 4.2.1 Political Background; 4.2.2 International Background; 4.2.3 Domestic Business Background; 4.3 Some Reasons for the Rapid Economic Growth; 4.4 Government Policy; 4.4.1 Macroeconomic Planning; 4.4.2 Industrial Policy; 4.4.3 Foreign Economic Policy; Notes 5 Results of the Rapid Economic Growth: Positive Effects5.1 General Economic Results; 5.2 Spreading Rate of Durable Consumer Goods, and Others; 5.2.1 Spreading Rate of Durable Consumer Goods; 5.2.2 Class Consciousness; 5.2.3 Engel Coefficient; 5.3 Social Security; 5.3.1 Livelihood Protection; 5.3.2 Health Insurance and Pension; 5.4 Infrastructure (Social Overhead Capital); 5.5 Income Distribution; Notes; 6 Results of the Rapid Economic Growth: Negative Effects or Distortions; 6.1 Social Imbalance; 6.2 Concentration to Metropolitan Areas; 6.3 Environmental Disruption; 6.3.1 General Background 6.3.2 Symbolic Examples6.3.3 Countermeasures Taken by the Government; 6.3.4 Antipollution Litigations, Standards, and Investment; 6.4 Inflation and People Left Behind by the Advancing Times; 6.4.1 Inflation; 6.4.2 People Left Behind by the Advancing Times; Notes; 7 Bubble Economy and Its Generation; 7.1 Speculative Bubbles; 7.1.1 Land and Stock Prices; 7.1.2 Capital Gains and Losses; 7.2 Backgrounds; 7.2.1 Trade Imbalance; 7.3 The Triggering Role of Monetary, Fiscal, and Other Policies; 7.4 A Critical Factor; 7.5 Economic Cost of the Bubble in the Bubble Economy; Notes 8 Bursting the Bubble and Its Consequences Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4419-6332-1 ; 978-1-4419-6331-4
Other identifiers:	10.1007/978-1-4419-6332-1 [DOI]
Classification:	Wirtschaftsentwicklung, Wirtschaftsstruktur: Allgemeines ; Konjunktur
Source:	ECONIS - Online Catalogue of the ZBW

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