How was japan’s response to the great depression different from the response of european nations?

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05-04-2022
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How was japan’s response to the great depression different from the response of european nations?

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adioabiola adioabiola · Answer 1 · 2022-04-15T06:03:40-04:00

Unlike other European nations, Japan utilised monetary policies, exchange rate and expansionary fiscal to recover.

Japan's Response to the great depression

Japan achieved an early recovery from the Great Depression of the 1930s. Much of the success was attributed to veteran finance minister, Takahashi Korekiyo, who managed to effect the recovery by prescribing a combination of expansionary fiscal, exchange rate, and monetary policies.

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Japan's Response to the great depression

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