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Woman's Place in Japan's Great Depression: Reflections on the Moral Economy of Deflation

Woman's Place in Japan's Great Depression: Reflections on the Moral Economy of Deflation There is a characteristic moral economy of deflation, and it can be traced with clarity in the case of Japan's long deflation of the 1920s. Deflation emerged as an issue in 1919 and reached an extreme in 1929-31, when the Hamaguchi Osachi cabinet adopted the depression-inducing policy of restoring the yen to gold convertibility at its old prewar value. To support its deflation policy, the cabinet launched an extraordinary campaign to induce households to reduce their consumption. Consumption was a specifically gendered conception, and women's place as subjects and as objects of consumption became the symbolic center of a historic confrontation between orthodox "monetarist" and novel "Keynesian" ideas. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Japanese Studies Society for Japanese Studies

Woman's Place in Japan's Great Depression: Reflections on the Moral Economy of Deflation

The Journal of Japanese Studies , Volume 30 (2) – Jul 30, 2004

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Publisher
Society for Japanese Studies
Copyright
Copyright © 2004 Society for Japanese Studies.
ISSN
1549-4721
Publisher site
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Abstract

There is a characteristic moral economy of deflation, and it can be traced with clarity in the case of Japan's long deflation of the 1920s. Deflation emerged as an issue in 1919 and reached an extreme in 1929-31, when the Hamaguchi Osachi cabinet adopted the depression-inducing policy of restoring the yen to gold convertibility at its old prewar value. To support its deflation policy, the cabinet launched an extraordinary campaign to induce households to reduce their consumption. Consumption was a specifically gendered conception, and women's place as subjects and as objects of consumption became the symbolic center of a historic confrontation between orthodox "monetarist" and novel "Keynesian" ideas.

Journal

The Journal of Japanese StudiesSociety for Japanese Studies

Published: Jul 30, 2004

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