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Japan: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 212
Language:
English
Publication Date:
14 Jul 2010
DOI:
https://doi.org/10.5089/9781455207886.002
ISBN:
9781455207886
ISSN:
1934-7685
Pages:
44
Keywords:
ISCR; CR; firm; GDP; consumption; property income; productivity increase; consumption share; dividend income; time series regression; Fiscal consolidation; Disposable income; Private consumption; Income; Wages; Global; Asia and Pacific
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund