The No-Show Recession

June 1962
The article focuses on the warning of bankers and economists in Japan that crisis is at hand unless the country limits dizzying rate of economic growth. They argue that the country cannot afford the surge in consumer buying and in industrial purchases of foreign equipment as it is a nation that lives on foreign trade. To address the warning, Premier Hayato Ikeda's government puts on credit curbs designed to discourage industrial expansion.


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