Home

Japan's industrial structure in crisis: National concerns and international implications

Hugh T. Patrick; Frances Rosenbluth

Title:
Japan's industrial structure in crisis: National concerns and international implications
Author(s):
Patrick, Hugh T.
Rosenbluth, Frances
Date:
Type:
Working papers
Department:
Center on Japanese Economy and Business
Permanent URL:
Series:
Center on Japanese Economy and Business Working Papers
Part Number:
18
Publisher:
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Publisher Location:
New York
Abstract:
The purpose of this essay is to summarize and distill the informative presentations and lively discussion of a conference that was held on the Japanese industrial structure. Japan now faces the challenge of the third period of major restructuring of its economy since World War II. The first involved the reconstruction of Japan's war-torn economy and its transformation to civilian goods production. The second restructuring was in response to the huge, unexpected oil price hikes, especially in 1973-74 but also in 1979-80. The current transformation is in direct response to the unprecedentedly great appreciation of the yen from its low point in early 1985. Japan now faces the combined pressures of a stronger yen, competition from newly industrializing countries and other low-cost producers, and continued demands from its trading partners to reduce its continuingly huge current account surpluses.
Subject(s):
Economics, Commerce-Business
Item views:
301
Metadata:
View

In Partnership with the Center for Digital Research and Scholarship at Columbia University Libraries/Information Services.