Abstract
In the first half of this chapter we discuss prices. In Japan real output has increased rapidly, but so have prices; economic growth accompanied by inflation has characterized the Japanese economy. In Section 11.1 we look first at various indicators of price changes in an attempt to discover the causes, and then we discuss ‘stagflation’. In Section 11.2 we discuss changes in the price structure (relative prices of different sectors of the economy) and the causes, and then the significance of inflationary growth.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Further Reading
On prices: Minami and Ono, 1975 Noda, 1979 Watanabe, 1977
On consumption and income distribution: Mizoguchi, 1970 Mizoguchi and Takayama, 1984 Odaka, 1982 Ono and Watanabe, 1976
On welfare and social securities: Jinushi, 1975–6 Maruo, 1972
On urban and environmental problems: Mills and Ōta, 1976 Shōji and Miyamoto, 1977
Author information
Authors and Affiliations
Copyright information
© 1986 The Oriental Economist
About this chapter
Cite this chapter
Minami, R. (1986). Prices and Living Standards. In: The Economic Development of Japan. Studies in the Modern Japanese Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18509-2_11
Download citation
DOI: https://doi.org/10.1007/978-1-349-18509-2_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-38583-8
Online ISBN: 978-1-349-18509-2
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)