Abstract
Historical developments in Japanese industry, especially the manufacturing industry during the period of 1955 to 1999 (the latest year when accurate data are available) are reviewed, and Japan's manufacturing efficiency is analysed and evaluated by three kinds of measures; that is, yield rate, efficiency index, and relative productivity. It is found that Japan's manufacturing efficiency is high in terms of the efficiency index and relative productivity, but the lowest from the standpoint of the yield rate among classified industrial sectors. Japan's industrial labour productivity is also compared with that of other industrialised countries, which results in rather low productivity for Japanese industry from the standpoint of purchasing power parity.
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