Japan: Selected Issues

July 14, 2010

Preview Citation

Format: Chicago

Japan: Selected Issues, (USA: International Monetary Fund, 2010) accessed November 23, 2024

Summary

Although fiscal consolidation has short-term costs, the potential long-term benefits are considerable. Although adjustment is important for securing fiscal sustainability, reforms that raise potential growth could also support consolidation. Simulations show that the external environment also matters, but domestic policies should be the priority to raise medium-term growth. In Japan, public policies can help create an environment for more effective capital formation. For Japan, reforms to stimulate private consumption hold significant promise for boosting growth, and this could be achieved by boosting household disposable income.

Subject: Disposable income, Fiscal consolidation, Fiscal policy, Income, Labor, National accounts, Private consumption, Wages

Keywords: Asia and Pacific, Consumption, Consumption share, CR, Disposable income, Dividend income, Firm, Fiscal consolidation, GDP, Global, Income, ISCR, Private consumption, Productivity increase, Property income, Time series regression, Wages

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/212
Stock No:

1JPNEA2010002
ISBN:

9781455207886
ISSN:

1934-7685

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