This paper investigates the sequence of trade liberalization in postwar Japan and its determinants. As the Japanese government utilized the foreign exchange allocation system as a tool for the industrial policy, especially for protecting domestic industries, in the 1950s, trade liberalization...

An English version of this paper can be found at 'http://ssrn.com/abstract=2865717 ' http://ssrn.com/abstract=2865717 Japanese Abstract:...