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(2) 1 22008pp.4 9 22 

(3) 1 0 0 8. ISSN 1 8 8 04 9 0X. 

(4)  . The stability of coal price in the interwar Japan.  Toshitaka NAGAHIRO Abstract In1 9 2 1, the coal cartel, sekitan kogyo rengoukai, was founded by most Japanese domestic coalmining. It is well known that this cartel intended to regulate supply and demand by restricting to a coal flow in the market. As a result, coal price was firmed during 1920' s. However, the stability of coal price is not statistically calculated in many studies. This essay examines the coefficient of variation (CV) from 1 9 0 6 to 1 9 3 5, demonstrates the stabilization of coal price is realized from 1922 to 1929, and considers the mechanisms of supply and demand regulations in the stabilized price period..  

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