Tanzan Ishibashi

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Ishibashi, Tanzan


Born Sept. 25, 1884, in Tokyo. Japanese politician, state figure, and economist.

Ishibashi worked for a company that published economic literature. In 1934 he became editor of Oriental Economist, an English-language journal. From December 1954 through December 1956 he was minister of international trade and industry and from December 1956 through February 1957, president of the Liberal-Democratic Party and prime minister. Ishibashi advocated broadening economic ties with the USSR and other socialist countries. He was president of the Japan-USSR Friendship Society in 1959–60.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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The controversy revolved around the desirability of the return to the gold standard at the old parity during the 1920s, and the usual narrative emphasizes the advocates of the return at the new parity, including Tanzan Ishibashi and Kamekichi Takahashi, both economic journalists, at the center of the debate because they understood Gustav Cassel's purchasing power parity argument and Keynes's skeptical stance toward the gold standard.
1956 -- Tanzan Ishibashi replaces Hatoyama as 2nd LDP president and forms his own Cabinet, but he resigns the following year due to illness.
Aso also mentioned the names of LDP leaders in the early period of its history, such as Ichiro Hatoyama, Tanzan Ishibashi and Nobusuke Kishi.
1956 -- Tanzan Ishibashi replaces Hatoyama as 2nd president and forms his own Cabinet, but he resigns next year due to illness.
The transfer of power from Prime Ministers Tanzan Ishibashi to Nobusuke Kishi in 1957 may have been a turning point in postwar Japan, diminishing the possibility of the country setting off on its own path and making it depend too much on the United States.

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