ABSTRACT
As I wrote in Chapter 1, this book is an analysis of postwar Japanese economy from the standpoint of subsectors and microeconomics, and is grounded in development economics. Let us start with some general views about structural change in the economy. The distinctions between macroeconomics and microeconomics are clear, but the differences between sectors and subsectors are somewhat vague. Generally speaking, the three “major sectors” are primary (agriculture), secondary (industry), and tertiary (service) sectors. Sub-categories such as the steel and car industries are called subsectors.
