Puncturing the myths of Japan's `economic miracle.'

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  • Author(s): Butler, Steven
  • Source:
    U.S. News & World Report. 10/2/95, Vol. 119 Issue 13, p55. 2/3p. 1 Color Photograph.
  • Additional Information
    • Subject Terms:
      ECONOMIC conditions in Japan; 1940 System, The (Book); NOGUCHI, Yukio; ECONOMICS; BOOKS
    • Abstract:
      Focuses on a controversial new book titled `The 1940 System: Farewell Wartime Economy,' by Yukio Noguchi. His argument that Japan's economic problems are not just a product of the wildly inflated `bubble economy' of the 1980s, but rather are a painful legacy of World War II, when the government intervened heavily in the private economy and suppressed market forces to boost industrial output; Torrent of debate that the book has unleashed.