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Japanese War Economy from Micro-perspectives:Design and Function of Economic Controls, and Innovation of Production Process

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  • Tetsuji Okazaki

    (Faculty of Economics, The University of Tokyo)

Abstract

This paper summarizes the author’s recent three papers on the Japanese war economy from the late 1930s to the early 1940s. Under the war, Japan experienced a transition from a market economy to a planned and controlled economy. This transition was a process of trial and error, and various schemes of economic controls were applied. T his paper explains how these schemes worked, focusing on that for fund allocation restricting fund flow to the “nonessential and nonurgent†industries, that for promoting export by linking foreign exchange allocation with export performance, and that for mass production of merchant ships.

Suggested Citation

  • Tetsuji Okazaki, 2023. "Japanese War Economy from Micro-perspectives:Design and Function of Economic Controls, and Innovation of Production Process," CIRJE J-Series CIRJE-J-307, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:jseres:2023cj308
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