Japan Income Doubling Plan

The japanese growth was driven under continuous plans of which the most famous was the doubling national income plan 1961 70.

Japan income doubling plan. If you would like to participate please visit the project page where you can join the project participate in relevant discussions and see lists of open tasks. The income doubling plan 所得倍増計画 shotoku baizō keikaku was a long term economic development plan initiated by japanese prime minister hayato ikeda in the fall of 1960. This plan reaffirmed the government s responsibility for social welfare vocational training and education while also redefining growth to include consumers as well as producers. From 1959 ironically the year in which the income doubling plan was officially announced and put into practice the cost of living index in japan began to rise.

Economic transformation significant boost by ikeda hayato s income doubling plan of 1960. Under the leadership of prime minister ikeda former minister of miti the japanese government undertook an ambitious income doubling plan 所得倍増計画. This plan reaffirmed the government s responsibility for social welfare vocational training and education while also redefining growth to include consumers as well as producers. In 1965 japan s nominal gdp was estimated at just over 91 billion.

The income doubling plan is necessary to establish a normal mechanism for determining wages and to meet the demands of the people. The rapid growth of the chinese economy means there is room to boost personal incomes said su. By 1967 japan had doubled its national income and achieved an average annual growth rate of 7 2 percent. From wikipedia the free encyclopedia hayato ikeda 池田 勇人 ikeda hayato 3 december 1899 13 august 1965 was a japanese bureaucrat and later politician who served as prime minister of japan from 1960 to 1964.

And ever since the index has been increasing at an alarming rate of 6 to 7 o every year. He is best known for his income doubling plan which promised to double japan s gdp in ten years. Fifteen years later in 1980 the nominal gdp had soared to a record 1 065 trillion. The first was the development of a consumer economy which was given a significant boost by ikeda hayato s income doubling plan of 1960.