| Titre | Le Japon : succès présents, contraintes futures | |
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| Auteur | Jean-Pierre Broclawski | |
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Revue | Economie et prévision |
| Numéro | no 75, 1986/4 | |
| Page | 21-49 | |
| Résumé anglais |
Japan: present successes, futures constraints, by Jean-Pierre Broclawski.
The successes obtained by Japan in the recovery phase of the world economy which began in spring 1983 concretized the industrial restructuring efforts undertaken since the first oil crisis. The performances realized by the Japanese economy both concerning growth and the great macroeconomic equilibriums were perceived abroad first of all by its trade surpluses essentially in manufactured goods and then by the massive outflow of long terme capital still widely privileging portfolio movements. In the middle of the 1 980s the record surpluses of the trade balance are reinforcing Japan's status as the mam creditor of the international monetary system at a time when the United States are becoming debtors to the rest of the world and when the financial situation of the Opep is rapidly deteriorating.
However the perenniality of this positive balance linked with the capacity of adaptation of Japanese production to the evolution of the international environment is not entirely ensured in the medium term. Japan will have to face up to the threats hanging over the freedom of trade and it will have to answer the ever sharper criticisms of its main partners, in the first place the United States. The passage to a model of growth founded on domestic demand and no longer centered on exports is a necessity proclaimed very officially by the Mayekawa report transmitted to the Prime Minister Mr. Nakasone on the eve of the Tokyo Summit. But this priority given to expansion of the domestic components of demand constitutes a particularly ambitious objective since the Japan's population is becoming older and older and since the amplitude of the national debt is rather inciting the government to continue applying a restrictive budgetary policy. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1986_num_75_4_4953 |
