Income Doubling Plan

E105825

The Income Doubling Plan was a major Japanese economic policy program in the early 1960s that aimed to rapidly expand the economy and double national income through aggressive growth and industrial development.

All labels observed (1)

Label Occurrences
Income Doubling Plan canonical 2

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Statements (49)

Predicate Object
instanceOf economic policy program
government economic plan
alsoKnownAs National Income Doubling Plan
Shotoku Baizō Keikaku
announcedBy Hayato Ikeda
appliesTo Japanese economy
associatedWithGovernment Ikeda Cabinet
country Japan
documentType long-term economic plan
economicPolicyType Keynesian-inspired growth policy
export-led growth strategy
focus expansion of exports
industrialization
infrastructure investment
productivity improvement
social welfare expansion
technological modernization
followedBy policies addressing pollution and social issues in late 1960s and 1970s
goal double national income
expand employment
industrial development
raise living standards
rapid economic growth
historicalContext postwar Japanese economic miracle
impact contributed to Japan becoming a major industrial power
contributed to environmental pollution problems
increased regional economic disparities within Japan
implementedBy Economic Planning Agency of Japan
Government of Japan
surface form: Japanese government
includesPolicyInstrument credit expansion
liberalization of trade and capital to a limited extent
public investment in infrastructure
support for key industries
tax incentives for industry
trade promotion measures
influencedBy global demand for Japanese exports
postwar U.S.-Japan economic relationship
language Japanese
plannedDuration 10 years
politicalPartySupport Liberal Democratic Party
surface form: Liberal Democratic Party (Japan)
precededBy recovery-focused postwar economic policies
result Japan achieved income doubling ahead of schedule
expansion of middle class in Japan
rapid GDP growth in the 1960s
rapid urbanization in Japan
strengthening of heavy and chemical industries
startTime 1960
targetGrowthRate approximately 7 percent per year or higher
timePeriod early 1960s

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Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Hayato Ikeda notableWork Income Doubling Plan
Hayato Ikeda knownFor Income Doubling Plan