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Japan: Selected Issues
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 243
Language:
English
Publication Date:
31 Jul 2017
DOI:
https://doi.org/10.5089/9781484313428.002
ISBN:
9781484313428
ISSN:
1934-7685
Pages:
37
Keywords:
ISCR; CR; inflation expectation; tax; income; lifetime employment system; OECD product market regulation database; house work; revenue enhancement; Consumption taxes; Inflation; Fiscal stimulus; Women; Commodity markets; Global
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This Selected Issues paper analyzes reasons behind low levels of private investment in Japan. Private investment in Japan not only appears low, but also seems to have underperformed relative to other advanced economies. Findings support the hypothesis that sectoral concentration (reduced competition) has had a significant negative impact on firm- and sector-level investment. Results point to potential benefits from decreasing barriers to entry, protection of incumbents, and market concentration in some sectors. Results also indicate that there is room for further reform in the gas and telecom sectors, and deregulation of professional services.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund