OECD Economic Surveys: Japan

Frequency :
Tous les 18 mois
ISSN :
1999-012X (en ligne)
ISSN :
1995-3062 (imprimé)
DOI :
10.1787/1999012x
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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.

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OECD Economic Surveys: Japan 2005

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Anglais
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Auteur(s):
OCDE
Date de publication :
07 mars 2005
Pages :
192
ISBN :
9789264008243 (PDF) ; 9789264008229 (imprimé)
DOI :
10.1787/eco_surveys-jpn-2005-en

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OECD's 2005 Economic Survey of Japan analyses whether Japan can sustain its economic expansion. It carefully looks at Japan's fiscal problems and related to that, the relationship between different levels of governments. It also reviews the problem of Japan's shrinking working-age population. The special report examines how Japan gets the most out of public sector decentralisation.

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  • Cliquez pour accéder:  Assessment and Recommendations
    The Japanese economy is in its best shape in a decade thanks to buoyant external demand, the progress in restructuring the corporate sector and economic reforms. Output has increased at an annual rate of more than 2 per cent since 2002 and 3¼ per cent excluding the negative contribution from the public sector. The pace of growth has been sufficient to boost employment during the past year and reduce the unemployment rate from its record...
  • Cliquez pour accéder:  Key Economic Challenges Facing Japan
    This chapter discusses the key challenges facing the Japanese economy. Although the current expansion is encouraging, there are a number of problems that will make it difficult to sustain growth over the medium term and ensure rising living standards. Five key challenges are addressed in this chapter: i) bringing an end to deflation, which has negative implications for growth, and further rehabilitating the banking sector to sustain the expansion; ii) ensuring fiscal sustainability in the face...
  • Cliquez pour accéder:  Ending Deflation and Achieving a Self-sustained Expansion
    This chapter discusses the factors driving the current expansion and the economic outlook. Despite risks, such as rising oil prices and slowing demand in China, the upturn is projected to continue at a more moderate pace through 2006, helping to bring an end to deflation. The Bank of Japan should continue its quantitative easing policy until inflation is sufficiently high to make the risk of renewed deflation...
  • Cliquez pour accéder:  Achieving Fiscal Sustainability
    This chapter discusses the deterioration in the fiscal situation and measures needed to restore fiscal sustainability in the light of future pressures for increased spending, notably from rising interest payments and the social security system. The government’s Medium-Term Economic and Fiscal Perspective should be improved to meet these challenges. Preventing a hike in the risk premium calls for a more credible...
  • Cliquez pour accéder:  Getting the Most Out of Public Sector Decentralisation
    This chapter discusses policies to improve fiscal relations between levels of government so as to better meet the needs of citizens while increasing the fiscal discipline of local authorities. It analyses a number of problems, including regulations that limit innovation and accountability at the local level, the inefficient system of intergovernmental grants and the complex structure of local taxes. The chapter concludes that it is essential to improve local governments’ ability and incentives...
  • Cliquez pour accéder:  Improving the Functioning of the Labour Market
    This chapter discusses problems in the labour market, particularly the factors boosting the share of non-regular workers, such as part-time and temporary employees. While this enhances employment flexibility and reduces labour costs, increasing dualism creates both efficiency and equity concerns. A comprehensive approach, including relaxing the high degree of employment protection for regular...
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