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Stagflation in Japan

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  • Seiji Shimpo

Abstract

The Japanese economy attained remarkably rapid growth from the late 1950s through the early 1970s. In this 20-year period, real GNP grew at an average annual growth rate of 8.8 percent, achieving an expansion of 5.4 times. Industrial production grew 8.4 times. As a result, per capita national income expanded roughly 14 times in nominal terms from 82,000 in 1955 to 1,138,000 in 1975; in real terms, the expansion comes to 4.3 times.

Suggested Citation

  • Seiji Shimpo, 1981. "Stagflation in Japan," Japanese Economy, Taylor & Francis Journals, vol. 10(2), pages 3-24.
    • Handle: RePEc:mes:jpneco:v:10:y:1981:i:2:p:3-24
    DOI: 10.2753/JES1097-203X10023
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