ABSTRACT
Japan’s economy enjoyed a period of spectacular development in the 1960s which has been called the ‘High-Growth Era.’ It was also a time during which economists in Japan played important roles in developing economic policies within and outside the government. Policy subjects at the time can be largely divided into two classes: those connected with the growth of the Japanese economy (and ‘planning’ toward it) and those connected with external trade and capital liberalization. This chapter exclusively deals with the latter subject. The purpose of this chapter is to examine the ways in which Japanese economists related to and argued about a series of economic policies which the government and the administration formulated to cope with ongoing external liberalization in the 1960s.
