Japan 1968: A Reflection Point During the Era of the Economic Miracle

Koichi Hamada

No 28487, Center Discussion Papers from Yale University, Economic Growth Center

Abstract: 1968 was an epoch-making year in the Japanese economic history, or in the Japanese history in general. In this centennial year after the Meiji restoration, Japan's GNP became the second largest in the world surpassing West Germany. Japan was cruising on one of the most rapid growth trajectories, but it was anticipating the shade of future changes. Student movements flourished, being synchronized the world over, pollution in urban areas erupted and inflationary pressure began to surface. Japan's balance of current account turned into a pattern of chronic surplus, the pattern that led to the collapse of the Bretton Woods regime. In the socio-economic sense, 1968 was a reflection point of Japan's high growth period. This paper describes the economic forces that drove Japan in this pivotal year as well as its social and political background.

Keywords: Political; Economy (search for similar items in EconPapers)
Pages: 32
Date: 1996
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/28487/files/dp960764.pdf (application/pdf)

Related works:
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:ags:yaleeg:28487

DOI: 10.22004/ag.econ.28487

Access Statistics for this paper

More papers in Center Discussion Papers from Yale University, Economic Growth Center Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().