Fiscal and Monetary Policies and the Government's Economic Outlook

Masatoshi Suzuki

Japanese Economy, 1995, vol. 23, issue 6, 3-43

Abstract: Looking back over the postwar Japanese economy, the factors that led its growth in recovering from recession have been mainly exports and private sector capital investment. There has never been a case in which public investment led growth (see Table 1). During the 1950s and 1960s, since the actual growth rates often exceeded the projected rates, it was sufficient for the government to be passive with respect to its involvement in government finance.

Date: 1995
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DOI: 10.2753/JES1097-203X23063

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