JAPAN- The Economy Up or Down

economy had raised the gross national product to 97 billion dollars at the end of the fiscal year 1966. In terms of G N P this makes Japan fourth among the non-communist countries, next to USA, West Germany and England. The picture is, however, not quite so bright if one considers per capita income; here Japan is only around the twentieth in the world. Per capita income in 1966 was 790 dollars. It has increased 3.7 times in the last ten years. In 1965 Japan's per capita income was 694 dollars which put her 22nd in the world. This was about one- fourth of USA's per capita income; in 1959 Japan's per capita income was one-seventh of USA's and in 1961 one-sixth.