ANNUAL REPORT OF TRANSPORT ECONOMY 1974

Japanese economy in fiscal 1973 continued to show the trend of a business upturn consecutively to the latter part of fiscal 1972, but owing to the stiffened condition of supply and demand, and the effect of the fuel crisis, commodity prices rose sharply. Wholesale prices in fiscal 1973 rose 22.6 % over previous fiscal year, and consumer prices in fiscal 1973 also rose 16.2% over the previous fiscal year. As a result, the "total demand restraint policy", such as raising an official rate and delaying public enterprises was vigorously enforced, thereby causing the rapid slowdown of business in 1974. Consequently, GNP in fiscal year 1973 showed a nominal increase of 23.2% over the previous year, but the real increase was only 5.5%. In the balance of trade, exports and imports in fiscal 1973 increased sharply by 32.3% and 80.8% respectively, reflecting the worldwide inflationary trend. Reflecting such economic situations in Japan, transport activities in Fiscal 1973 was sluggish excetp for international goods transport, etc. Domestic goods transport in FY 73 showed a decrease of 5.2% in tonnage against the previous FH(compared with the 7.4% increase in FY72) and a decrease of 1.5% in ton-kilometers against the previous FY(compared with 3.2% increase in FY 72). Domestic goods transport classified by transported items in FY 73, on the tonnage basis, declined against the previous fY with only an exception of steel, while that classified by transport facility showed declines in respect of both railways and motor vehicles. Domestic passenger transport showed a 3.0% increase in the number of passengers over the previous FY (compared with the 3.0% increase in FY 72) and a 3.9% in passenger-kilometers over the previous FY (compared with the 4.8% increase in FY 72). International goods transport in FY 73 showed a 21.0% increase over the previous year (compared with the 0.1% increase in FY 72) and international passenger transport marked a 12.1% increase over the previous FY (compared with the 31.8% increase in FY 72.)

• Corporate Authors:

  Ministry of Transport, Japan

  Tokyo,   Japan 
• Publication Date: 1975-3

Media Info

• Features: Figures; Tables;
• Pagination: 102 p.

Subject/Index Terms

• TRT Terms: Businesses; Commodities; Cost indexes; Demand; Economic conditions; Economics; Foreign; Freight traffic; Fuels; Gross national product; International trade; Supply; Transportation
• Identifier Terms: Consumer Price Index
• Uncontrolled Terms: Supply and demand
• Old TRIS Terms: Fuel shortage
• Subject Areas: Economics; Energy; Society; Transportation (General);

Filing Info

• Accession Number: 00072170
• Record Type: Publication
• Source Agency: Transportation Systems Center
• Files: TRIS
• Created Date: Oct 18 1975 12:00AM