Sponsor(s): Jilin University;National Institute of Japanese Economics
6 issues per year
Current Issue: Issue 04, 2020
Contemporary Economy of Japan is supervised by Ministry of Education of PRC, and sponsored by Jilin University and All-China Japan’s Economy Association. It is the only professional academic journal which studies Japanese economic issues in China. It aims to truthfully reveal Japan’s economic development experiences, ie. technology improvement and management improvement for reference. Its scope covers all fields of Japan’s economics, including theories and policies of Japanese economic development, the trend of new technological revolution, development situation of industry, agriculture, transportation, finance and foreign trade, and the technology and measures of business management. The journal is included in CSSCI.
Chen Zhiheng, Cheng Yongming, Cui Jian, Guan Quan, Huang Xiaoyong, Li Yutan, Liu Lizhen, Mang Jingshi, Pang Deliang, Pei Guifen, Song Lei, Tian Zhongjing, Wang Houshuang, Wu Hao, Xu Ping, Yin Xiaoping, Zhang Ji
Contemporary Economy of Japan,2020,Vol 39,No. 04
In the process of postwar industrialization in Japan, because the constraints of economic development were not insufficient demand but insufficient supply, instead of implementing Keynesian policies like those in Europe and the United States, Japan chose industrial policies, namely, supply-side policies. In order to achieve rapid industrialization in Japan after the war, the government and producers formed an alliance, implemented the supply-side policy as a structural policy, and succeeded in achieving the rapid growth on the basis of industrialization by allocating resources to industrial sectors that were in line with the national development strategy. However, after the completion of the transition to an industrialized economy, the conditions and environment for policy implementation had undergone major changes, but for the benefit of producers, the Japanese government still refused to adjust the basic policy direction and fell into a “supply-side policy trap,” incurring failure. The case of Japan showed that the factors that once led to success in the course of industrialization and economic development had become the factors that caused failure after changes in the constraints, just like the phrase “success is the mother of failure.”