Contemporary Japanese Economy

Abstract

Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Preface -- Translator's Note -- 1: High Economic Growth, 1955-70 -- 1.1 Introduction -- 1.2 How High Was the Growth Rate? -- 1.3 Low Capital Coefficient -- 1.4 The Increase in the Investment Ratio -- 1.5 Personal Savings -- 1.6 The Relative Price of Investment Goods and Consumption Goods -- 1.7 The End of HEGP -- 2: Business Cycles, International Balance of Payments and Inflation -- 2.1 Introduction -- 2.2 The Business-Cycle Pattern -- 2.3 The Change in the International Balance of Payments Situation -- 2.4 Inflation - The New Ceiling for the Business Cycle -- 2.5 New Elements Affecting Growth and the Business Cycle -- Appendix 2.1: The Tenkeiki' Debate -- Appendix 2.2: Productivity Differential Inflation -- 3: From High to Low Growth -- 3.1 Introduction -- 3.2 The Causes -- 3.3 Problems of Adjustment -- 3.4 A New Phase of Growth -- 4: Industrial Structure and Organization -- 4.1 Introduction -- 4.2 Industrialization and Changes in the Industrial Structure -- 4.3 Industrial Organization -- 5: Recent Developments in Industrial Structure and Organization -- 5.1 Introduction -- 5.2 Industrial Adjustment in the 1970s -- 5.3 Expanding Industries and Companies of Recent Years -- 6: Japan's Financial System -- 6.1 Introduction -- 6.2 Indirect Financing -- 6.3 The Banks' Role in Savings and Investment -- 6.4 Artificially Low Interest Rates -- 6.5 The Liberalization of Interest Rates -- 7: Social Changes -- 7.1 Introduction -- 7.2 Distribution of Income and the Spread of Consumer Durables -- 7.3 Savings and Labour Supply -- 7.4 The Future of Japan's 'Middle-Class Society -- 8: Government Economic Policies -- 8.1 Introduction -- 8.2 The Objectives of Government Economic Policy -- 8.3 The Decision-Making Machinery -- 8.4 Stabilization Policies and Industrial Policies.