ABSTRACT

Japan declared war against China in the summer of 1937, and then the United States and the United Kingdom in December 1941. As seen in Chapter 5, when the Pacific Campaign was over in August 1945, some Japanese had already started preparing for the reparation problem and the reconstruction of the Japanese economy. This chapter focuses on the two important economists, Ichiro Nakayama and Seiichi Tobata, who participated in the Special Investigation Committee set up in the Ministry of Foreign Affairs in November 1945, and the Economic Council, which was established in 1952, for the longest period.