OECD Economic Surveys: Japan

Every 18 months
1999-012X (online)
1995-3062 (print)
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OECD’s periodic surveys of the Japanese economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

Also available in French
OECD Economic Surveys: Japan 1998

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18 Dec 1998
9789264151321 (PDF) ;9789264160071(print)

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OECD's 1998 survey of Japan's economy.  This edition includes chapters covering origins of the current difficulties, policy responses and current prospects, structural reform, and reinvigorating business sector dynamism.

Also available in French
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Table of Contents

Assessment and recommendations
I. Origins of the current difficulties
-A brief review of developments in the 1990s
-Front-loaded fiscal tightening in 1997 and the reaction of the economy
-The legacy of the asset price bubble of the 1980s
II. Policy responses and economic prospects
-The macroeconomic context
-The fiscal policy reversal
-The monetary policy dilemma
-Dealing with the banking system’s balance sheet problems
-Recent developments and the short-term outlook
-Assessing the sustainable growth rate
III. Enhancing medium-term prospects through structural reform
-The overall reform strategy: careful planning but slow implementation
-Progress in regulatory reform: potentially more than meets the eye but considerable uncertainty
-Financial reform: finally coming on-stream
-Agriculture: struggling with policy reform
-Environmental policy: meeting the Kyoto commitments
-Commercial policy: keeping trade tensions to a minimum
-Public sector reform: streamlining but no change in bureaucratic incentives
-Labour market reform: increasing flexibility without adding to insecurity
-Health insurance reform: progress but some way to go
-Pension reform: boosting financial returns to offset the effects of ageing populations
-Consumer and competition policy: strengthening the market mechanism
IV. Reinvigorating business sector dynamism
-Waning business dynamism: indicators and possible reasons
-Some recent developments
-Enhancing business dynamism
-Summing up
-Chronology of main economic events

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