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This open access book provides an in-depth examination of Japan's policy responses to the economic challenges of the 1980s and '90s. While MITI's earlier role in promoting rapid growth has been addressed in other studies, this volume, based on official records and exhaustive interviews, is the first to examine the aftermath of rapid growth and the evolution of MITI's interpretation of the economy's changing needs. Covering such topics as the oil shocks, trade conflict with the United States, and the rise and collapse of the so-called bubble economy, it presents a detailed analysis and evaluation of how these challenges were interpreted by government officials, the kinds of policies that were enacted, the extent to which policy aims were realized, and lessons for the longer term. This book is recommended especially to officials of countries concerned about the challenges that follow on high economic growth and to readers interested in Japan’s contemporary economic history. .

Japan --- Economic policy --- Economic history. --- Asia—Economic conditions. --- Economic policy. --- Economics. --- Economic History. --- Asian Economics. --- Political Economy/Economic Systems. --- Economic conditions --- History, Economic --- Economics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Economic History --- Asian Economics --- Political Economy/Economic Systems --- Economy-wide Country Studies --- Political Economy --- The Ministry of International Trade and Industry --- MITI --- Post high-economic growth era --- Economic structural reform --- Trade conflict --- Japanese economy --- Bubble Economy --- Open Access --- Economic history --- Asia --- Economic conditions. --- al-Yābān --- Giappone --- Government of Japan --- Iapōnia --- I͡Aponii͡ --- Japam --- Japani --- Japão --- Japon --- Japonia --- Japonsko --- Japonya --- Jih-pen --- Mư̄ang Yīpun --- Nihon --- Nihonkoku --- Nippon --- Nippon-koku --- Nipponkoku --- Prathēt Yīpun --- Riben --- State of Japan --- Yābān --- Yapan --- Yīpun --- Zhāpān --- BUSINESS & ECONOMICS / Economic History --- economic history --- political economy --- Industrial policy --- Commercial policy