Structural Reform in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Structural Reform in Japan write by Eisuke Sakakibara. This book was released on 2003-12-22. Structural Reform in Japan available in PDF, EPUB and Kindle. In this unusually candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of "Mr. Yen," envisions a social and economic revolution that encompasses all sectors of Japanese society. Whereas previous analyses of Japanese policies of the past decade focus narrowly on such issues as nonperforming assets and deregulation, Sakakibara provides a new perspective. Japan's economic problems are structural, rather than cyclical, according to Sakakibara. Profitable investment opportunities are hard to find in the dysfunctional corporate sector, where costs are high and income continues to decline. The country's entrenched power elite—the Liberal Democratic Party, the bureaucracy, and vested interest groups—are threatened by reform efforts. It will be difficult to restore economic health to Japan until its political leaders are able to break the grip of this "iron triangle" and implement aggressive, widespread reforms. This book furthers the understanding that structural reform or new institution building in Japan needs an all-encompassing approach that includes the various sectors of Japanese society and the economy. Only with this kind of understanding can pragmatic and meaningful structural reform in Japan be implemented.
The Political Economy of Fiscal Consolidation in Japan
The Political Economy of Fiscal Consolidation in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Political Economy of Fiscal Consolidation in Japan write by Toshihiro Ihori. This book was released on 2014-11-21. The Political Economy of Fiscal Consolidation in Japan available in PDF, EPUB and Kindle. This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and implement structural reforms for reorganizing fiscal expenditures. Focusing on particular policy fields including social security, female labor supply, public works, and intergovernmental transfer schemes, the book clarifies economic and political elements that have hindered effective steps toward these two goals. Facing population aging and a business downturn, the Japanese government was urged to increase social security expenditures and the budget for Keynesian stimulus policies. As elucidated in the book, the institutional design has worked to over-represent the demands of elderly generations and local interest groups and to expand these expenditures. Rigorous theoretical and numerical analyses reported throughout the book consequently provide readers with insights into incentive designs and institutional reforms necessary for fiscal consolidation, also presenting points of view for public policy and public debate.
Fiscal Structural Reform in Japan
Fiscal Structural Reform in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Structural Reform in Japan write by Shoichi Tsuji. This book was released on 1998. Fiscal Structural Reform in Japan available in PDF, EPUB and Kindle.
The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan
The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan write by Pelin Berkmen. This book was released on 2011-01-01. The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan available in PDF, EPUB and Kindle. With Japan’s public debt reaching historical levels, the need for fiscal consolidation and structural reforms have increased. As fiscal consolidation will require a sustained and large adjustment in the fiscal balance, its growth effect is a concern particularly for the short run. This paper uses the IMF’s Global Integrated Monetary and Fiscal Model to analyze the growth impact of fiscal consolidation and structural reforms. Although fiscal consolidation has short-term costs, the potential long-term benefits are considerable, and reforms that raise potential growth could support consolidation. Simulations show that the external environment also matters but domestic policies should be the priority.
Structural Change in Japan
Structural Change in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Structural Change in Japan write by Mr.Tamim Bayoumi. This book was released on 1998-06-09. Structural Change in Japan available in PDF, EPUB and Kindle. This volume, by Bijan B. Aghevli, Tamim Bayoumi, and Guy Meredith, is based on a seminar on structural change in Japan held in early 1997 and chaired by the IMF's First Deputy Managing Director, Stanley Fischer. Discussion of teh day-to-day management of the standard levers of fiscal and monetary policy is interlinked with consideration for the more deep-seated structural issues. By shifting and destabilizing the underlying economic relationships and creating uncertainty, structural change complicates the task of policy analysis. This volume describes how the IMF is responding to these challenges and how outside experts assess this effect.
