Monetary and fiscal reform to combat inflation in post-World War II Japan (1945-1951)

Vol. 12 No. 4 (1992)

Oct-Dec / 1992
Published October 1, 1992
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Miyazaki, Silvio Yoshiro Mizuguchi. 1992. “Monetary and Fiscal Reform to Combat Inflation in Post-World War II Japan (1945-1951)”. Brazilian Journal of Political Economy 12 (4):557-73. https://doi.org/10.1590/0101-31571992-0693.
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Monetary and fiscal reform to combat inflation in post-World War II Japan (1945-1951)

Silvio Yoshiro Mizuguchi Miyazaki
Da Fundação Getúlio Vargas – FGV, São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 12 No. 4 (1992), Oct-Dec / 1992, Pages 557-573

Abstract

This paper analyses the Japanese inflationary process occurred in the period
after the World War II, between 1945-1950, its causes and the policies of stabilization, monetary
and fiscal reforms. Initially, it analyses the factories that increased the price level. The
measures adopted to revert this process were divided into two subperiods: phase 1 (between
1946-1948) and phase 2 (between 1949-1951). Those economic policies and reforms resulted
in an economic stabilization.

JEL Classification: E31; N15.


Keywords: Inflation economic history of Japan monetary policy