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Fiscal and Monetary Policies of Japan in Stable Growth Period
― 1972 to 1990 ―

 

Contents(PDF:83KB)

 

Introduction: Overview of Japanese Economic Trends(PDF:145KB)

1.  Overview of Economic Situation

2.  Public Finance

3.  Money, Prices and Asset Prices

4.  International Trade, Balance of Payments and Foreign Exchange Rates

 

Chapter 1:Fiscal and Monetary Policies before and after the First Oil Crisis

Section1 Fiscal Policy(PDF:160KB)

1.  Fiscal Policy before the First Oil Crisis

2.  Fiscal Policy after the First Oil Crisis

3.  The Trend in Large-scale Government Bond Issuance and Government Debt Management Policy

4.  Stable Economic Growth and the Reconstruction of the Tax System

Section2 Monetary and Financial Policy(PDF:158KB)

1.  The First and Second Oil Crisis and Monetary Policy

2.  The Basic Concept of Financial Regulation and Administrative Management

3.  Large-scale Japanese Government Bond Issuance and the Securities Market

4.  Increased Popularization and the Insurance Business

Section3 External Economic Policy(PDF:165KB)

1.  The Shift to the Floating Exchange Rate System and the Two Oil Crises

2.  Outline of the External Economic Policy

3.  Liberalization of Foreign Exchange and External Finance/Security Services

4.  Foreign Exchange Cooperation gains Momentum

5.  Multilateral Trade Negotiations in the Tokyo Round

 

Chapter 2:Fiscal and Monetary Policies under International Economic Friction

  Section1 Fiscal policy(PDF:109KB)

1.  Changes to the Fiscal Reconstruction Policy

2.  Government Debt Management Policy in Fiscal Reconstruction

3.  Principles of the Reconstruction of Public Finance without Relying on Tax Increases and the Tax system

  Section2 Monetary and Financial Policy(PDF:121KB)

1.  Start of Financial Liberalization and Increased Flexibility

2.  Measures for Liberalization and the Increased Flexibility of Financial Regulations

3.  Increased Flexibility of the Securities market and Administration

4.  The Mature Insurance Market

  Section3 External Economic Policy(PDF:99KB)

1.  The Trends of the World Economy

2.  Trade Friction and the Yen-Dollar Committee

3.  The Liberalization of External Financial Transactions and External Financial Services

4.  Development of Economic Cooperation

5.  The Tokyo Round Negotiations and Further Opening of the Market

 

Chapter 3:Fiscal and Monetary Policies after the Plaza Accord

Section1 Fiscal policy(PDF:122KB)

1.  Measures to Expand Domestic Demand and Fiscal Policy

2.  Fiscal policy in the “Bubble Economy”

3.  Prospects for Fiscal Soundness and Government Debt Management Policy

4.  The History of Tax Reform: The Introduction of the Consumption Tax

Section2 Monetary and Financial Policy(PDF:141KB)

1.  Financial Liberalization, Internationalization, and the “Bubble Economy”

2.  Liberalization and the Increased Flexibility of Financial Regulations

3.  The Expanding Securities Market

4.  Liberalization,Internationalization, the Aging society and Insurance

5.  Examination of a “New Financial System”

Section3 External Economic Policy(PDF:152KB)

1.   Economic Recovery of Industrialized Countries and the Prolonged Problem of Debt Accumulation

2.   From the Plaza Accord to the Louvre Accord

3.   Market Opening and the Internationalization of the Yen

4.   The Increase of the Japanese Presence in Overseas markets

5.   Becoming the World’s Largest Donor Country

6.   Trade friction and the Beginning of the Uruguay Round

 

 Legend(PDF:51KB)

 

PDF Document (full edition)(PDF:933KB)

 

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