MITI and the Japanese miracle

New York Times

, Dec. 7, 1952; and 'Broken-up Concerns in Japan to Reunite,'

New York Times

, Mar. 31, 1955.

16. MITI,

Nempo

* (fiscal 1954), p. 80; MITI, 1965, pp. 57375; and MITI Journalists' Club, 1956, p. 42.

17. Abegglen and Rapp, p. 430.

18. The standard work on the alleged incompetence of Japanese planners is Watanabe Tsunehiko, 'National Planning and Economic Development: A Critical Review of the Japanese Experience,'

Economics of Planning

, 10 (1970): 2151.

19. Japan Development Bank, p. 23.

20. See the memoirs of Tamaki Keizo*, in MITI, 1960, p. 116; and the comments of Hayashi Shintaro*, in

Ekonomisuto

Editorial Board, 1: 99101. See also Japan Development Bank, p. 28.

21. Supreme Commander for the Allied Powers, Monograph 39, 'Money and Banking,' p. 42.

22. MITI,

Nempo

(fiscal 1950), p. 151. Note that these annual reports were prepared well after the fiscal year they covered; thus, for example, the report for fiscal 1950 bears a preface dated October 1, 1951.

23. For the membership of the JDB's board, see Japan Development Bank, p. 52.

24. See 'Sharp Increase in Post Office Savings Upsets Banks and Worries Bank of Japan,' plus editorial,

Japan Economic Journal

, Oct. 7, 1980. See also Ministry of Finance, Tax Bureau, pp. 27, 41.

25. MITI Journalists' Club, 1956, p. 24; Endo*, 1966, pp. 17475.

26. Japan Long Term Credit Bank, pp. 45.

27. Endo, 1966, p. 179. See also Fujiwara, p. 426; and Shibagaki Kazuo, 'Sangyo* kozo* no henkaku' (Change of industrial structure), in Tokyo University, 1975, 8: 88.

28. Boltho, p. 126. For figures on the size of FILP and comparisons of it with both the general account budget and GNP, see Johnson, 1978, pp. 8384.

29. For the term

Gaimu-sho

*

no demise

, see Policy Review Company, 1968, p. 118; for the term 'dark age,' see Akimoto, p. 39.

30. See Yamamoto's memoirs, in MITI, 1960, p. 115; Shiroyama, Aug. 1975, p. 315; and Takase Sotaro* Memorial Association, p. 1067.

31. For the number of personnel in MITI's various units, see MITI, 1975, p. 95.

32. Sahashi, 1967, pp. 79, 8788, 12026. Sahashi refers to the union he headed as the 'firing committee' (

kubikiri iinkai

).

33. On the Nagayama case, see Akimi, pp. 7677, 14851; Akimoto, p. 43; MITI Journalists' Club, 1956, pp. 25859; and Nawa, Apr. 1976. Nagayama went to Showa* Oil and Mitsubishi Yuka because, as chief secretary, he had

Page 357

been closely involved in the sale of the old naval fuel depot at Yokkaichi to zaibatsu interests. Both Showa * Oil and Mitsubishi Yuka are located at Yokkaichi.

34. For the text, see MITI, 1972, pp. 4244. See also Tsuruta Toshimasa, 'Sangyo* seisaku to kigyo* keiei' (Industrial policy and enterprise management), in Kobayashi, 1976, p. 138.

35. See Ueno, pp. 23, 221

et seq.

The subtitle of this book is 'A Study of Economic Laws and Administration and Their Effects.'

36. MITI,

Nempo

* (fiscal 1949), p. 128; (fiscal 1950), p. 148; (fiscal 1951), pp. 14549; and (fiscal 1952), p. 164.

37. Noda Nobuo, pp. 2728. On the reverse flow of American management techniques, see 'U.S. Firms Worried by Productivity Lag; Copy Japan in Seeking Employee's Advice,'

Wall Street Journal

, Feb. 21, 1980; and the important follow-up letter of Martin Bronfenbrenner, 'How Japanese Firms Pick Their Workers,'