Abstract
While the Japanese government made the decision to internationalize the domestic economy through the gradual implementation of the Maekawa Commission’s recommendations as well as other policy options, a number of economic trends were already underway. Some of these were unleashed on a short notice by the sharp appreciation of the yen during 1985-1986. Others were introduced earlier by the government, and others still were subtly initiated by fundamental socioeconomic forces which were shaped by the Japanese political, social, and cultural environment, but which by and large are common to highly developed nations.
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Notes
Kenichi Ohmae, Triad Power: The Coming Shape of Global Competition (New York: Free Press, 1985); also Michael E. Porter, ed., Competition in Global Industries ( Boston: Harvard Business School Press, 1986 ).
MOF officials estimated that each Y1 trillion ($6.5 billion) increase in domestic demand would generate less than Y77 billion ($500 million) in additional imports.
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© 1990 Springer Science+Business Media New York
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Higashi, C., Lauter, G.P. (1990). Selected Trends in the Domestic Economy. In: The Internationalization of the Japanese Economy. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7891-2_5
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DOI: https://doi.org/10.1007/978-94-015-7891-2_5
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