The Transformation of the Japanese Economy

The Transformation of the Japanese Economy

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During the rapid growth period of the Japanese economy, from the mid-1950s to the mid-1970s, the economic system that became entrenched in Japan -- the so-called Japanese-style capitalism -- was based on the government-business- bureaucracy triad. Although its distinct features survived the subsequent two decades of slow growth, now, in the mid-1990s, there are many indications that the Japanese economy is once again struggling to transform itself to accommodate such environmental changes as the slowdown of growth, the rapid aging of the population, and structural changes. These readings, all translations from the Japanese economic literature and thoughtfully introduced by the editor, expertly address this transformation.I. Introduction Since the 1950s, Japana#39;s stock market has gone into bubbles every ten years or so (early 1950s, early 1960s, and early 1970s). Then the 1980s saw a strong bubble that continued for several years (late 1982 to the end of 1989).

Title:The Transformation of the Japanese Economy
Publisher:M.E. Sharpe - 1999


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