Depressions in Japan: the 1930s and the 1970s
In the twentieth century Japan experienced two major depressions, one in the prewar period (the ‘great depression’) and one in the postwar period (the ‘oil crisis depression’). These two events were of great significance in Japan’s history and each of them can be regarded as a turning-point in Japan’s economic development.1
KeywordsExchange Rate Current Account Great Depression Import Price Personal Consumption
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