成熟社会における財政金融政策(II)
スポンサーリンク
概要
- 論文の詳細を見る
The Obuchi administration has taken orthodox Keynsian policies to revive the Japanese economy since Mr Obuchi took office. The government has disbursed huge sum of money to public works such as construction of roads, ports, farm lands etc. But the Japanese eonomy has been trapped into slump as yet. As I said in my previous paper, the Keynsian policies are not valid in the present conditions of Japanese economy. An economic slump means a macroeconomic excess supply, that is, saving exceeds investment. On the one hand, we invest too much compare to other industrial countries, on the other hand, we save even more. We must, therefore, explain the factors which make the Japanese encoure saving and refrain consumption. One factor is singled out here. That is the imperfect consumer's credit market in Japan. There prevails the historical low interest rates in Japan. But in consumer's credit market they pay prohibitive high rates of interest to borrow money. In Japan there are two credit markets, one is for producers and the other is for consumers. In the former there are very low interest rates but in the latter there are very high interest rates such as 40.004% per annum. The high interest rates work constraint to increase consumption in Japan because many Japanese cannot consume through credit. That is one reason why the Japanese economy stagnates for long time. We must increase our consumption to revive the Japanese economy and in so doing, we can improve our standard of life. The present policies will bring severe inflation to Japan. The inflation will destroy many economic life and deprive them of jobs. It will pave the way to fascism. If we avert such results, we must improve the consumer's credit market and the public pension system.
- 桃山学院大学の論文
著者
関連論文
- 大正デモクラシー期における政界再編(村山高康教授退任記念号)
- 大正バブル期における経済政策の転換とその効果(III)(一ノ瀬篤教授退任記念号)
- 大正9年1-2月期におけるバブル経済(I)(経済学部開設50周年記念号)
- 大正バブル期における経済政策の転換とその効果(II)
- 大正バブル期における経済政策の転換とその効果(I)
- 大正バブル生成期における経済問題と経済政策(鬼塚光政教授追悼号)
- 戦間期日本経済の「失われた十年」(II)(庄谷邦幸教授退任記念号)
- 大正バブル膨張期の金融政策(坂 昌樹准教授追悼号)
- 大正バブル初期に於ける日銀の金融政策 (熊谷次郎教授退任記念号)
- 大正9年1-2月期におけるバブル経済(II)
- 戦間期日本経済の「失われた十年」(I)
- 成熟社会における財政金融政策(I)
- 第42議会における普通選挙法案と憲政会 (北川紀男教授退任記念号)
- 第一次大戦終結期における金融政策
- 戦後インフレーションに関する一考察 : 豫備的檢討
- 戦間期日本経済の「失われた十年」(III)(中田信正教授退任記念号)
- 秩序と倫理 : 反近代的試論(III)(安藤洋美教授退任記念号)
- 秩序と倫理 : 反近代的試論(II)(蕗谷硯児教授退任記念号)
- 秩序と倫理 : 反近代的試論(I)(岡崎守男教授退任記念号)
- 成熟社会における財政金融政策(II)
- バブル崩壊直前の貿易及び金融状況 (芝村篤樹教授退任記念号)
- バブルの***と崩壊 (鈴木幾多郎教授退任記念号)
- 大正9年3月大反動の原因