Sustainability of Public Debt Under Stress

Masato Shizume*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter


While Takahashi’s policy package brought the Japanese economy out of the Great Depression, crises in the international and domestic political scenes continued. Takahashi negotiated with the military ministers to alleviate the burden on public finances of the operation on mainland China and the buildup of arms. I revisit his struggle with pressures resulting from military expansionism from the perspective of fiscal and public debt policy governance in the long term.

Original languageEnglish
Title of host publicationStudies in Economic History
PublisherSpringer Japan
Number of pages19
Publication statusPublished - 2021

Publication series

NameStudies in Economic History
ISSN (Print)2364-1797
ISSN (Electronic)2364-1800

ASJC Scopus subject areas

  • History
  • Economics, Econometrics and Finance(all)


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