ABSTRACT
This chapter provides a bird's-eye view of the course of macroeconomic development of the Japanese economy and explores the role of macroeconomic policies since the late 1960s. Finally, the international aspects of Japan's macroeconomic performance are also considered in it. Before describing the macroeconomic performance of the Japanese economy during the worldwide inflationary period since 1968, it seems appropriate to review briefly the pattern of development over the whole post-war period. The Author's opinion, however, there is still a case for more active demand management policy to foster domestic demand in the present state of the Japanese economy than the current policy of 'just wait and see'. Instead of summarizing the content of this chapter, He comments on the international side of Japanese macroeconomic policy.
