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Takahashi Korekiyo: Precursor of Abenomics?
- Richard Smethurst (Professor Emeritus of History and UCIS Research Professor, University of Pittsburgh)
From his illegitimate birth and adoption into the lowest stratum of the samurai class to his assassination by right-wing militarists, Takahashi Korekiyo (1854-1936) lived through tumultuous times that shaped Japan’s course. Takahashi is considered “Japan’s Keynes” because of the forward-thinking (and controversial) fiscal and monetary policies–including deficit financing, currency devaluation, and lower interest rates–that he implemented to help Japan rebound from the Great Depression five years before America’s recovery.
Professor Emeritus of History and UCIS Research Professor, University of Pittsburgh
Richard J. Smethurst is Professor Emeritus of History and UCIS Research Professor, University of Pittsburgh. He is the author of the acclaimed biography of Takahashi: From Foot Soldier to Finance Minister: Takahashi Korekiyo, Japan’s Keynes (Harvard East Asian Monographs), which has been published in Japanese translation by Toyo keizai shinpo. He has authored several other books and numerous articles on contemporary Japan (see: http://www.history.pitt.edu/faculty/smethurst-cv.php).