Chapter

The “Positive” and “Negative” Policies

Mark Metzler

in Lever of Empire

Published by University of California Press

Published in print March 2006 | ISBN: 9780520244207
Published online March 2012 | e-ISBN: 9780520931794 | DOI: http://dx.doi.org/10.1525/california/9780520244207.003.0005
The “Positive” and “Negative” Policies

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This chapter notes that the gold standard also imposed pressures that seemed to threaten chronic recession at home. Within this context, two policy lines in economics, the so-called positive and negative policies, took shape. These policies of expansion and retrenchment were linked to Japan's external financial position and became partisanized within the new framework of two-party politics that developed simultaneously.

Keywords: chronic recession; economic policies; expansion; retrenchment; financial position; two-party politics

Chapter.  8021 words.  Illustrated.

Subjects: Asian History

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