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Abstract for:

Politics and the Economy in Pre-War Japan

Masataka  Matsuura,  Richard J  Smethurst,  February 2000
Paper No' JS/2000/381: | Full paper (pdf)
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Keywords: Japan; economic depression in early 1930s; Takahashi Korekiyo; Maeda Masana; zaikai; zaibatsu; Japanese economic development; Shibusawa Eiichi.

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Is hard copy/paper copy available? YES - Paper Copy Still In Print.
This Paper is published under the following series: Japanese Studies Programme
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The paper by Richard J Smethurst discusses the influences that led to the economic policies pursued in the interwar period by Takahashi Korekiyo, who engineered Japan's recovery from the depression in the early 1930s, and is often thought of as the 'Keynes' of Japan. The paper traces the influence on Takahashi's thinking of his Western experiences and diverse bureaucratic career, but focusses in particular on the role of Takahashi's mentor, Maeda Masana. The paper by Masataka Matsuura analyses the term zaikai as used in prewar Japan and its identity as a small network whose influence was distinct from that of the zaibatsu. The paper traces the membership and activities of this small group from the time of Shibusawa Eiichi through to the Second World War, and argues for the importance of the functions they discharged in the context of the developing Japanese economy.