Description
Book SynopsisFrom his birth into the lowest stratum of the samurai class to his assassination by right-wing militarists, Takahashi Korekiyo (1854–1936) lived through tumultuous times that shaped the course of modern Japan. This biography underscores the profound influence of the charismatic finance minister on the political and economic development of Japan.
Trade ReviewJapan emerged from worldwide economic depression in the 1930s more successfully and quickly than the other modern world economies. Without denying the role of rapid militarization in prompting economic growth, this new biography of Japan's seven-time finance minister shows how Takahashi's countercyclical fiscal and monetary policies overcame a steep deflationary spiral and in the process engineered a remarkable record of growth built on a novel deficit spending approach...In telling Takahashi's story, Smethurst uncovers some of the pushes and pulls shaping Japan's modem economic growth, and it is a story he tells well. -- W. D. Kinzley * Choice *
Smethurst's biography is a major achievement reflecting some 20 years of work. Not to exclude the general reader--the book is a very good read--Takahashi's biography should interest not only Japanologists, but also students of economic history everywhere. Smethurst admits that it was difficult to balance the anecdotes of Takahashi's adventures with the necessary analysis of his historic accomplishments. He has succeeded, giving us a wise and immensely competent biography of a great Japanese and a vibrant human being. -- Rod Armstrong * Asahi Shimbun *
Table of ContentsIntroduction 1. A Remarkable Beginning, 1854-67 2. Takahashi in San Francisco, 1867-68 3. Many Mentors, Few Teachers: Takahashi's Career in and out of Government, 1869-81 4. Japan's First Trademark and Patent Laws, 1881-89 5. Maeda Masana and the Debate over Industrial Policy, 1882-85 6. Managing a Silver Mine in Peru, 1889-90 7. Entering the Bank of Japan, 1892-1904 8. Fundraising During the Russo-Japanese War: 1904 9. Fundraising During the Russo-Japanese War: 1905 10. The Lessons of Wars, 1906-18 11. Taisho Democracy, 1918-27 12. "Japan's Keynes": Japan and the World Depression, 1929-34 13. Takahasi's Fiscal Policies and the Rise of Militarism, 1932-36 Conclusion: Takahashi's Economic Philosophy and Its Roots Appendix: Takahashi's Memoirs Notes Works Cited Index
