The Japanese Economic System and its Historical Origins by Masahiro Okuno-Fujiwara

The Japanese Economic System and its Historical Origins

EditorMasahiro Okuno-Fujiwara, Tetsuji OkazakiTranslated bySusan Herbert

Hardcover | April 30, 1999

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Japan's rise from the ashes of defeat in the Second World War to its position now as one of the world's foremost economies has long been recognized as one of the most startling turnarounds of the 20th Century. With economic reform again at the top of the global agenda with the fall of theSoviet bloc and the continuing struggle of the developing nations, the lessons of Japan's success have never been more valuable. This volume looks closely at the origins of the current Japanese economic system, focusing particularly on the contrast between the war period of 1930-1945 and the preceding situation. The contributors argue that Japan had an `Anglo-Saxon model' economy until the 1930s, and that the specialfeatures of the Japanese system -- good labour relations; employee-based corporate governance; the main banks' financial system; and the principle of `administrative guidance' -- were all deliberately created during militarization. Although there are many post-war factors that have led to thepresent-day Japanese situation -- the Dodge Plan, high post-war inflation, new technology, massive shifts in the labour force, deregulation from the 1960s onwards -- without the reforms introduced between 1930 and 1945 there would be no `Japanese system'.

About The Author

Masahiro Okuno-Fujiwara and Tetsuji Okazaki are both at the University of Tokyo.

Details & Specs

Title:The Japanese Economic System and its Historical OriginsFormat:HardcoverDimensions:304 pages, 9.21 × 6.14 × 0.83 inPublished:April 30, 1999Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198289014

ISBN - 13:9780198289012

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Table of Contents

Preface to the English Edition1. Tetsuji Okazaki and Masahiro Okuno-Fujiwara: Japan's Present-day Economic System and its Historical Origins2. Kazuo Ueda: The Financial System and its Regulations3. Juro Teranishi: The Main Bank System4. Tetsuji Okazaki: Corporate Governance5. Konosuke Odaka: `Japanese-style' Labour Relations6. Sei-ichiro Yonekura: The Functions of Industrial Associations7. Naohiko Jin-no: The `Japanese Model' Fiscal System8. Toshihiko Kawagoe: The Food Control System and Nokyo9. Masahiro Okuno-Fujiwara: Japan's Present-day Economic System: Its Structure and Potential for Reform

Editorial Reviews

`This book contains many carefully researched accounts of the evolution of the Japanese economy.'Jennifer L. Frankl, EH.NET, Aug 2000.