Has the sun set on Japanese-style development?

Source: Wikimedia Commons

In 1960, a mere 15 years since Emperor Hirohito announced the surrender of a war-torn Japan, newly inaugurated Prime Minister Hayato Ikeda announced a bold initiative to spur on further development in the Japanese economy, that despite post-war reforms and improvements, still lagged behind leading Western economies. This initiative was the Income Doubling Plan, and… Continue Reading ➤