Tackling Japan’s Fiscal Challenges - 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 Tackling Japan’s Fiscal Challenges write by Keimei Kaizuka. This book was released on 2006-07-04. Tackling Japan’s Fiscal Challenges available in PDF, EPUB and Kindle. This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have necessitated the reigning in of public debt and the revamp of the pension and healthcare systems. It combines insights from academic research with the views of policymakers to distil key issues that need to inform public debate.
Japan's Medium
Japan's Medium - 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 Japan's Medium write by K. Okamura. This book was released on 1996-10-01. Japan's Medium available in PDF, EPUB and Kindle. This paper assesses the sustainability of Japan’s fiscal position. The simulations indicate that, even if the government’s pension reform plan is fully implemented, the initial budget imbalance, combined with pressures from population aging, would lead to explosive increases in government deficits and debt. Present-value calculations point to a fiscal “gap” of about 4 percent of GDP, indicating the combination of tax increases and/or spending cuts that would be required to generate a sustainable long-run fiscal position. Finally, the paper presents an illustrative package of tax and spending measures that could be implemented to close this gap.
Making Fiscal Policy in Japan
Making Fiscal Policy 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 Making Fiscal Policy in Japan write by Hiromitsu Ishi. This book was released on 2000-12-07. Making Fiscal Policy in Japan available in PDF, EPUB and Kindle. Making Fiscal Policy in Japan is written for those who want to understand the role and performance of fiscal policy as an integral component of macroeconomic policy, and the attendant effects on economic growth. The case explored here is post-Second World War Japan, but the approach is one of international comparison. Ishi traces and analyses the central features of postwar Japanese fiscal policy and considers the institutional framework and policy objectives which shaped the budget process. The first part of the book provides a detailed overview of the topic, with detailed institutional and empirical information. In particular, the role that government played in Japan's postwar economic growth is explored in depth, with specific focus on the four sub-periods of occupation, rapid economic growth, internationalization, and the bubble economy. Part II explains the basic framework of budgets, the budgetary process in Japan, and fundamental strategies of fiscal authority. It looks in depth at the unique aspects of the balanced budget policy for 1953-65 and then at how financial resources for budgeting were automatically generated in a growing economy. The final part analyses specific policy issues in the public sector, among them human resource development, the ageing population and the social security system, tax incentives for export promotion, the Fiscal Investment and Loan Programme, and intergovernmental grant policy. Ishi argues that the Japanese government has been generally passive in guiding the state's economic activities, using fiscal policy to support the private economy rather than directly to influence the economy through deliberate expenditure and tax policies. The approach has been one of enhancing the market rather than of government intervention.
Restoring Japan's Economic Growth
Restoring Japan's Economic Growth - 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 Restoring Japan's Economic Growth write by Adam Simon Posen. This book was released on 1998. Restoring Japan's Economic Growth available in PDF, EPUB and Kindle. Criticism of current Japanese macroeconomic and financial policies is so wide spread that the reasons for it are assumed to be self-evident. In this volume, Adam Posen explains in depth why a shift in Japanese fiscal and monetary policies, as well as financial reform, would be in Japan's self-interest. He demonstrates that Japanese economic stagnation in the 1990s is the result of mistaken fiscal austerity and financial laissez-faire rather than a structural decline of the "Japan Model." The author outlines a program for putting the country back on the path to solid economic growth - primarily through permanent tax cuts and monetary stabilization - and draws broader lessons from the recent Japanese policy actions that led to the country's continuing stagnation.
Meeting Fiscal Challenges in Japan's Rapidly Ageing Society
Meeting Fiscal Challenges in Japan's Rapidly Ageing Society - 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 Meeting Fiscal Challenges in Japan's Rapidly Ageing Society write by Randall S. Jones. This book was released on 2019. Meeting Fiscal Challenges in Japan's Rapidly Ageing Society available in PDF, EPUB and Kindle. Abstract: Japan's gross government debt of 226% of GDP in 2018 is the highest ever recorded in the OECD area, and places the economy at risk. The government now aims to achieve a primary surplus by FY 2025. Additional fiscal consolidation, based on a detailed plan covering specific spending cuts and tax increases, is necessary to put the government debt ratio on a downward trend in the face of rapid population ageing. This is a very difficult task and a stronger fiscal framework would help keep policy on track to achieve fiscal targets. Controlling social spending requires making better use of healthcare resources, in p art by reducing overinvestment in hospitals and increasing the use of generic drugs. Another priority is ensuring the sustainability of local government spending, in part by reducing costs through the joint provision of local public services and infrastructure across jurisdictions and the development of compact cities in the context of depopulation in many parts of Japan. Increased revenue should come primarily from hikes in the consumption tax rate, which is among the lowest in the OECD. In addition, disincentives to employment in the tax and benefit system should be removed, as sustained economic growth is crucial to ensure fiscal sustainability. This Working Paper relates to the 2019 OECD Economic Survey of Japan (http://www.oecd.org/economy/japan-economic-snapshot/)
