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The Impact of the Great Depression: The Japan Spinners Association, 1927–1936

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Book cover Building a Modern Japan

Abstract

This chapter examines the impact of the Great Depression on business-state relations in Japan through a case study of the cotton textile industry. A common perception holds that the challenges of the Great Depression ushered in the era of state control of the Japanese economy. The experience of the cotton-spinning industry, however, suggests a different result. In fact, the challenges that executives overcame in the late 1920s and early 1930s bolstered their confidence in the efficacy of industrial self-governance and strengthened their conviction in the need for autonomy from the state. The most vexing issue became overseas trade barriers, a problem that first appeared in the 1920s.

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Notes

  1. Nakamura Takafusa, “The Japanese Economy in the Interwar Period: A Brief Summary,” in Japan and the World Depression: Then and Now, ed. Ronald Dore and Radha Sinha (London: The MacMillan Press, 1987), pp. 52–67, on p. 61, and idem., Lectures on Modern Japanese Economic History, 1926–1994 (Tokyo: LTCB International Library Foundation, 1994), p. 43.

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  4. Gao, Economic Ideology, p. 72. Although the author does not state whether the cited figures for GNP and exports are nominal or real, they approximate the nominal figures given in Dick K. Nanto and Shinji Takagi, “Korekiyo Takahashi and Japan’s Recovery from the Great Depression,” The American Economic Review 1985, 75: 369–374, pp. 369 and 371.

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  19. Miyajima Hideaki, “1930 nendai Nihon no dokusen soshiki to seiffū,” Tochi seido shigaku 1986, 28: 1–23, on pp. 8–9.

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© 2005 W. Miles Fletcher III

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Fletcher, W.M. (2005). The Impact of the Great Depression: The Japan Spinners Association, 1927–1936. In: Low, M. (eds) Building a Modern Japan. Palgrave Macmillan, New York. https://doi.org/10.1057/9781403981110_10

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  • DOI: https://doi.org/10.1057/9781403981110_10

  • Publisher Name: Palgrave Macmillan, New York

  • Print ISBN: 978-1-349-53057-1

  • Online ISBN: 978-1-4039-8111-0

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