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Establishment of 1955 System

HOME > Establishment of 1955 System > c. Era before and after struggle over Japan-U.S. Security Treaty > Proposal by IKEDA Cabinet to double people's income

c. Era before and after struggle over Japan-U.S. Security Treaty

6-14 Proposal by IKEDA Cabinet to double people's income

TAKAHASHI Kamekichi. From "Watakushi no Rirekisho: Bunkajin 15"
TAKAHASHI Kamekichi. From "Watakushi no Rirekisho: Bunkajin 15"

IKEDA Hayato elected as President of Liberal Democratic Party. From "Jiyuu Minshutoshi: Shogen shashin hen"
IKEDA Hayato elected as President of Liberal Democratic Party. From "Jiyuu Minshutoshi: Shogen shashin hen"

Upholding his government's slogan, "tolerance and perseverance," the Cabinet of Prime Minister IKEDA Hayato proposed a plan to double people's income in a move that marked a shift in his policy goal from politics to the economy. In a keynote address he made following the reshuffle of the Cabinet in July 1961 (Showa 36), Prime Minister IKEDA pledged to maintain the economic growth policy, arrest prices rises, and correct the imbalance of Japan's international payments balance. The manuscript for IKEDA's keynote speech shows that many wordings were changed and refined by the unique economist TAKAHASHI Kamekichi, who also served as IKEDA's economic adviser.

Manuscript of Prime Minister IKEDA's keynote speech (economic portion)

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