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Stagflation in Japan

Seiji Shimpo

Japanese Economy, 1981, vol. 10, issue 2, 3-24

Abstract: The Japanese economy attained remarkably rapid growth from the late 1950s through the early 1970s. In this 20-year period, real GNP grew at an average annual growth rate of 8.8 percent, achieving an expansion of 5.4 times. Industrial production grew 8.4 times. As a result, per capita national income expanded roughly 14 times in nominal terms from 82,000 in 1955 to 1,138,000 in 1975; in real terms, the expansion comes to 4.3 times.

Date: 1981
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DOI: 10.2753/JES1097-203X10023

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