Japan emerged from worldwide economic depression in the 1930s more successfully and quickly than the other modern world economies. Without denying the role of rapid militarization in prompting economic growth, this new biography of Japan's seven-time finance minister shows how Takahashi's countercyclical fiscal and monetary policies overcame a steep deflationary spiral and in the process engineered a remarkable record of growth built on a novel deficit spending approach...In telling Takahashi's story, Smethurst uncovers some of the pushes and pulls shaping Japan's modem economic growth, and it is a story he tells well.