The Japanese Economy during the Interwar Period: Instability in the Financial System and the Impact of the World Depression

Masato Shizume

Chapter 11 in The Gold Standard Peripheries, 2012, pp 211-228 from Palgrave Macmillan

Abstract: Abstract The Japanese economy faced chronic crises during the interwar period. Among the crises, the Showa Financial Crisis of 1927 and the Showa Depression of 1930–31 marked turning points. The Showa Financial Crisis of 1927 was the consequence of persistent financial instability because of incomplete restructuring in the business sector and postponements in the disposal of bad loans by financial institutions. The Showa Depression of 1930–31 was caused by the Great Depression, a worldwide economic collapse which had been intensified in Japan by the return to the gold standard at the old parity in January 1930.

Keywords: Monetary Policy; Central Bank; Fiscal Policy; Government Bond; Showa Depression (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (4)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The Japanese Economy during the Interwar Period: Instability in the Financial System and the Impact of the World Depression (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-36231-4_11

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230362314

DOI: 10.1057/9780230362314_11

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().