This event rekindled the concerns about his huge spending on art artefacts, estimated at $2.5bn over eight years.
The Tokyo research group estimates the total economic losses from the war, including lost oil revenue and the effect of huge military spending, at $414 billion for both countries.
In past recessions, Japanese politicians have approved huge supplemental spending on public works projects.
The race has received widespread attention in part because of the huge spending.
The reason for such huge spending was to build and police an internal and external empire; apparently that has been set aside.
Sarppam Pattu requires huge spending and manpower for many months.
That means huge public spending on colleges outside the cities, says Mr Panikkar who has written extensively on social justice in higher education.
Mr. Koizumi, too, came to office promising to rein in Japan's huge spending on public infrastructure.
He did so through huge public spending, a dismantling of the gold standard and similar drastic measures.
Moreover, the fundamentals of the American economy were weak, hurt by inflation and oil embargoes and huge military spending on the cold war.