Contents Problems of economic development in the Japanese empire. The formation of capitalism in East Asia / Kazuo Hori ?. The shifting axis of specialization within the Japanese empire / Yusuke Takeuchi ?. Industrializaiton and the rice-processing industry in Taiwan under Japanese rule, 1895-1945 / Yoshitaka Horiuchi ?. The Peasants? dilemma / Kensuke Hirai ?. Book reviews. Review of Nak Nyeon Kim, Nihon teikokushugika no Chosen keizai (The Korean economy under the Japanese rule) / Yuzo Yamamoto ?. Review of Chaisung Lim, Senji keizai to tetsudo unei (Wartime economy and railroad operations) / Jongwon Woo ?. Review of Hirokazu Hirai, Nihon shokuminchi zaiseishi kenkyu (Study on the history of finance of Japanese colonial governments) / Fumio Kaneko ?.