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Japan's economic reconstruction after total defeat in the Second World War has been an extraordinary phenomenon. In Japan's Capitalism, Shigetu Tsuru, one of Japan's most eminent economists gives a comprehensive account of the recovery process, and a unique interpretation of the post-war Japanese economy. He analyses the significance of Japan's money-oriented affluence and the emergence of a distinctive 'corporate capitalism'. His conclusion is that Japan's inspired creative response to defeat has itself led to a new set of intractable problems.
Introduction; 1. The defeat and the Occupation reforms; 2. The road to recovery; 3. The period of high growth rate; 4. The role of the government in the high-growth period; 5. A turning point cometh; 6. The double 'price revolution'; 7. The march of corporate capitalism; 8. Whither Japan?
'This is quite simply the best history yet written of Japan's phoenix-like rise from the defeat and ashes of the war. It is spare but incisive. Tsuru's mastery of sources is marvellous. He has … added his own practical experience and political understanding, and turned the account into English prose that is easy, even sweet to read.' The Financial Times