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A recent issue of Analyses et Documents* devoted an article to the expansion of Japanese capitalism since the end of World War Two. A Paris correspondent has sent us a translation of the key passages:
HE Japanese economy has just experienced a new leap forward,” the
article begins. “There are now only 330,000 unemployed, Individual consumption has risen sharply. For example, the consumption of meat in the past ten years has gone up from 34 pounds annually to 12 pounds (in relation to the Western countries, however, this is still low).”
“In the Japanese steel industry,” the article continues, “a genuine miracle has occurred. After passing France in 1959 and the United Kingdom in 1961 and then stagnating in 1962, it has just gained in 1963 third place in the world, ahead of Germany.”
Analyses et Documents offers the following instructive table: