Osamu Shimomura (下村治 ''Shimomura Osamu'', 1910 – November 27, 1989), born in

Saga Prefecture is a prefecture of Japan located on the island of Kyushu. Saga Prefecture has a population of 809,248 (1 August 2020) and has a geographic area of 2,440 km2 (942 sq mi). Saga Prefecture borders Fukuoka Prefecture to the northeast and Nagasa ...

, Kitagawa Village, was a Japanese

economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

considered to be the "father of the Japanese economic miracle".

Biography

Upon graduation from the Economics Faculty of

Tokyo Imperial University , abbreviated as or UTokyo, is a public research university located in Bunkyō, Tokyo, Japan. Established in 1877, the university was the first Imperial University and is currently a Top Type university of the Top Global University Project by ...

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 , or is a Japanese national university located in Sendai, Miyagi in the Tōhoku Region, Japan. It is informally referred to as . Established in 1907, it was the third Imperial University in Japan and among the first three Designated National ...

with the doctoral thesis "Multiplier analysis of economic fluctuations." A key advisor to Prime Minister

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.- ...

, 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, helping lay the foundation for Japan's high-speed economic growth during the 1960s. From 1960 to 1966, he served as Director of the National Kimono Fund Corporation, Japan Development Bank Director, and Chairman of the Japanese Economic Research Institute. In 1981, he received the Second Class Order of the Rising Sun. Dr. Shimomura died in 1989.

Publications

* 1952 Economic Fluctuation and Multiplier Analysis (Keizai Hendo no Jyosu Bunseki) * 1958 Achieving Economic Growth (Keizai Seicho Jitsugen no Tame ni) * 1961 Basic Problems of Growth Policy (Seicho Seisaku No Kihon Mondai) * 1962 A Theory of Japanese Economic Growth (Nippon Keizai Seichoron) * 1963 The Japanese Economy Will Grow (Nippon Keizai wa Seicho suru) * 1971 Japan's Choices as a Major Economic Power (Keizaitaikoku Nippon no Sentaku) * 1976 Conditions for Escaping from Zero Growth (Zero Seicho Dasshutsu no Jyoken) * 1981 Discipline and the Japanese Economy (Nippon Keizai no Setsudo) * 1987 Japan Is Not at Fault (Nippon wa Warukunai)

References

{{DEFAULTSORT:Shimomura, Osamu 1989 deaths 1910 births People from Saga Prefecture 20th-century Japanese economists University of Tokyo alumni Tohoku University alumni Macroeconomists