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The Basic Doctrine of Japanese Commercial Policy

Yoichi Shinkai

Japanese Economy, 1973, vol. 1, issue 3, 9-38

Abstract: Last year's (1971) two so-called Nixon shocks - namely, the announcement of the presidential visit to China and the enactment of the New Economic Policy - made it once more apparent that Japan is tied inseparably into international political and economic relations. I shall not dwell on the various problems concerning China. The New Economic Policy, especially its international aspects, has conspicuous political significance, and it is doubtful that one can separate politics and economics in analyzing them. However, even if limited to the economic sphere, its influence on Japan is profound. Actually, it is no exaggeration to say that the whole Japanese nation has spent day and night from last fall to this spring coping with the new American policies. With the exchange rate revision at the end of last year (1971) and the passage of the 1972 budget proposal in the Diet, it is clear that the problem is not yet completely settled.

Date: 1973
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DOI: 10.2753/JES1097-203X01039

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