Rapid Growth, 1952-1974

The Editors

Japanese Economy, 2002, vol. 30, issue 4-5, 136-160

Abstract: By 1951, the reconstruction of the Japanese economy was over. Japan regained independence and the economy zoomed. The growth rate of real gross domestic product (GDP) was quite high in the 1950s, being in the range of 8-10 percent (Table 1). It was even higher in the next decade. The early 1970s saw some decline in growth, and finally the first oil shock of 1973-74 put an end to the period of rapid growth by bringing down the growth rate below zero for the first time after World War II. The growth rate subsequently recovered, but not to the high level of the 1960s. This article covers the period of rapid growth from 1952 to 1974.1

Date: 2002
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DOI: 10.2753/JES1097-203X300405136

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