The Influence of Economic Thought on the Political Economy of Modern Japan

In the immediate postwar era, economic issues were at the forefront of Japanese politics. As the Japanese debated what kind of economic system they would have and what would be the relative strength of labor, business, and government within that system, the left was initially dominant. Business was...

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Bibliographic Details
Published in:Journal of economic issues 1996-06, Vol.30 (2), p.475-482
Main Author: Lanciaux, Bernadette
Format: Article
Language:English
Subjects:
East Asian politics
Economic liberalism
Economic policy
ECONOMIC SYSTEM IN DEVELOPED COUNTRIES
Economic systems
Economic theory
Economics
Fiscal policy
Free market economies
Government bureaucracy
History
JAPAN
Marxian economics
Neoclassical economics
Political aspects
Political debate
Political parties
Politicians
Politics
Presidential Address
Public speaking
Social conditions & trends
Studies
VOTING
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Summary:In the immediate postwar era, economic issues were at the forefront of Japanese politics. As the Japanese debated what kind of economic system they would have and what would be the relative strength of labor, business, and government within that system, the left was initially dominant. Business was disempowered by occupation policy while labor was strengthened. Labor, aligned with Marxists, was quite radical and boisterously exercised its new right to strike. Labor's power was limited with the so-called reverse course, when MacArthur ordered the canceling of a general strike planned for February 1, 1947, and the subsequent two years of trimming union power. In contemporary Japanese political discourse, there has been a resurgence in the importance of economic issues. This is reflected in the fact that politicians discuss far more then the traditional roads, bridges, and dams that were once their only brush with economic issues. Today, Japanese politicians are talking about their views on economic policy.
ISSN:0021-3624
1946-326X
DOI:10.1080/00213624.1996.11505811