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Income Doubling Plan
The was a long-term economic development plan initiated by Japanese prime minister Hayato Ikeda in the fall of 1960. The plan called for doubling the size of Japan's economy in ten years through a combination of tax breaks, targeted investment, an expanded social safety net, and incentives to increase exports and industrial development. To achieve the goal of doubling of the economy in ten years, the plan called for an average annual economic growth rate of 7.2%. In fact, Japan's annual growth averaged more than 10% over the course of the Plan, and the economy doubled in size in less than seven years. __NOTOC__ Ikeda introduced the Income Doubling Plan in response to the massive Anpo protests in 1960 against the Treaty of Mutual Cooperation and Security Between the United States and Japan, US-Japan Security Treaty, as part of an effort to shift Japan's national dialogue away from contentious political struggles toward building a consensus around pursuit of rapid economic growth. Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hayato Ikeda
was a Japanese bureaucrat and later politician who served as Prime Minister of Japan from 1960 to 1964. He is best known for his Income Doubling Plan, which promised to double Japan's GDP in ten years. Ikeda is also known for repairing U.S.-Japan relations and Japanese domestic political rifts after the contentious 1960 Anpo Protests, and for presiding over the 1964 Tokyo Olympics. Early life Ikeda was born on 3 December 1899, in Yoshina, Hiroshima Prefecture (present-day Takehara, Hiroshima), the youngest child of Goichirō Ikeda and his wife Ume. He had six siblings. He attended Kyoto Imperial University and joined the Ministry of Finance following graduation in 1925. While at the Ministry, he served as the head of the local tax offices in Hakodate and Utsunomiya. During his time in the latter role, in 1929, he contracted pemphigus foliaceus and went on sick leave for two years, formally resigning in 1931 once his sick leave had run out. The condition was cured by 1934. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty Of Mutual Cooperation And Security Between The United States And Japan
The , more commonly known as the U.S.-Japan Security Treaty in English and as the or just in Japanese, is a treaty that permits the presence of U.S. military bases on Japanese soil, and commits the two nations to defend each other if one or the other is attacked "in the territories under the administration of Japan". Over time, it has had the effect of establishing a military alliance between the United States and Japan. The current treaty, which took effect on June 23, 1960, revised and replaced an earlier version of the treaty, which had been signed in 1951 in conjunction with the signing of the San Francisco Peace Treaty that terminated World War II in Asia as well as the U.S.-led Occupation of Japan (19451952). The revision of the treaty in 1960 was a highly contentious process in Japan, and widespread opposition to its passage led to the massive Anpo protests, which were the largest popular protests in Japan's history. The 1960 treaty significantly revised the U.S.-Ja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Osamu Shimomura (economist)
Osamu Shimomura (下村 治 ''Shimomura Osamu'', 1910 – November 27, 1989), born in Saga Prefecture, Kitagawa Village, was a Japanese economist considered to be the "father of the Japanese economic miracle". Biography Upon graduation from the Economics Faculty of Tokyo Imperial University in 1934, he joined the Economic Stabilization Board of Japan until his retirement in 1959. In 1956, he received his Ph.D. in economics from Tohoku University with the doctoral thesis "Multiplier analysis of economic fluctuations." A key advisor to Prime Minister Hayato Ikeda, Shimomura was the primary architect of Ikeda's famous Income Doubling Plan The was a long-term economic development plan initiated by Japanese prime minister Hayato Ikeda in the fall of 1960. The plan called for doubling the size of Japan's economy in ten years through a combination of tax breaks, targeted investment, a ... of 1960, and played a central role in economic planning during Ikeda's time in office, help ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Bank Of Japan
is a Japanese development bank incorporated on 1 October 2008 under the Development Bank of Japan Inc. Law (Law No. 85 of 2007). Current ownership structure of DBJ is solely owned by the Government of Japan through the Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " .... Overview The Bank provides integrated investment and loan services to domestic and international clients. A large number of the clients are Japanese companies requiring basic investments. DBJ provides most of them at low and flexible interest rates, and so the default rate is very low. History * 1947 January: Establishment of Rehabilitation Finance Corporation * 1951 April: Development Bank of Law established. Consequently, Development Bank of Japan was formed * 1956 June: Hokkaidō-Tōh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Japan
The economic history of Japan is most studied for the spectacular social and economic growth in the 1800s after the Meiji Restoration. It became the first non-Western great power, and expanded steadily until its defeat in the Second World War. When Japan recovered from devastation to become the world's second largest economy behind the United States, and from 2010 behind China as well. Scholars have evaluated the nation's unique economic position during the Cold War, with exports going to both U.S.- and Soviet-aligned powers, and have taken keen interest in the situation of the post-Cold War period of the Japanese "lost decades". Prehistoric and ancient Japan Yayoi period The Yayoi period is generally accepted to date from 300 BCE to 300 CE. However, radio-carbon evidence suggests a date up to 500 years earlier, between 1,000 and 800 BCE.Silberman et al., 154–155.Schirokauer et al., 133–143. During this period Japan transitioned to a settled agricultural society. As the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1960s Economic History
Year 196 ( CXCVI) was a leap year starting on Thursday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Dexter and Messalla (or, less frequently, year 949 ''Ab urbe condita''). The denomination 196 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Emperor Septimius Severus attempts to assassinate Clodius Albinus but fails, causing Albinus to retaliate militarily. * Emperor Septimius Severus captures and sacks Byzantium; the city is rebuilt and regains its previous prosperity. * In order to assure the support of the Roman legion in Germany on his march to Rome, Clodius Albinus is declared Augustus by his army while crossing Gaul. * Hadrian's wall in Britain is partially destroyed. China * First year of the '' Jian'an era of the Chinese Han Dynasty. * Emperor Xian of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1960s In Japan
Year 196 ( CXCVI) was a leap year starting on Thursday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Dexter and Messalla (or, less frequently, year 949 ''Ab urbe condita''). The denomination 196 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Emperor Septimius Severus attempts to assassinate Clodius Albinus but fails, causing Albinus to retaliate militarily. * Emperor Septimius Severus captures and sacks Byzantium; the city is rebuilt and regains its previous prosperity. * In order to assure the support of the Roman legion in Germany on his march to Rome, Clodius Albinus is declared Augustus by his army while crossing Gaul. * Hadrian's wall in Britain is partially destroyed. China * First year of the '' Jian'an era of the Chinese Han Dynasty. * Emperor Xian of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1960 In Japan
Events of the year 1960 in Japan. It corresponds to Shōwa 35 (昭和35年) in the Japanese calendar. 1960 was a year of prolonged and intense political struggles in Japan. The massive and often quite violent Miike Coal Mine Strike at the Miike Coal Mine in Kyushu lasted nearly the entire year, and the massive nationwide Anpo Protests against renewal of the U.S.-Japan Security Treaty carried over from 1959 and climaxed in June, forcing the resignation of Prime Minister Nobusuke Kishi and the cancellation of a planned visit to Japan by U.S. President Dwight D. Eisenhower. Incumbents *Emperor: Hirohito (Emperor Shōwa) *Prime Minister: ** Nobusuke Kishi ( L) until July 19, **Hayato Ikeda ( L) *Chief Justice of Japan: Kōtarō Tanaka until October 24, Kisaburo Yokota * Chief Cabinet Secretary: Etsusaburō Shiina until July 19, Masayoshi Ōhira *Speaker of the House of Representatives of Japan: Ryōgorō Katō until February 1, Ichirō Kiyose * Speaker of the House of Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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