Sustainability of Public Debt Under Stress

Masato Shizume

Chapter Chapter 4 in The Japanese Economy During the Great Depression, 2021, pp 61-79 from Springer

Abstract: Abstract While Takahashi’s policy package brought the Japanese economy out of the Great Depression, crises in the international and domestic political scenes continued. Takahashi negotiated with the military ministers to alleviate the burden on public finances of the operation on mainland China and the buildup of arms. I revisit his struggle with pressures resulting from military expansionism from the perspective of fiscal and public debt policy governance in the long term.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:stechp:978-981-13-7357-2_4

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DOI: 10.1007/978-981-13-7357-2_4

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