ABSTRACT
I. Three Aspects of the Post-War Japanese Economy In the ten years from 1954 to 1963 Japan’s real national product rose by more than 2.2 times, showing an annual average growth rate of 9.4%. In the light of the fact that during this period the annual average growth rate of real national product was 7.4% in West Germany, 6.5% in Austria, 6.1% in Norway, 6% in Italy, 4.9% in France and, in particular, 2.8% in the United States and 2.5% in the United Kingdom, we see that Japan’s growth rate was of remarkable order.
