OECD Development Co-operation Peer Reviews: Japan 2014

image of OECD Development Co-operation Peer Reviews: Japan 2014

This Peer Review assesses the performance of Japanese development co-operation. Peer reviews of OECD Development Assistance Committee (DAC) members are based on the two objectives of accountability and learning. The reviews are the only international process to examine regularly key bilateral development co-operation systems and offer constructive commentary for their reform.




Context of Japan's Peer Review

After two severe shocks – the 2008 global financial crisis and the March 2011 Great East Japan Earthquake and tsunami – Japan fell into recession in 2012 for the third time in five years. The country’s population is ageing rapidly (putting upward pressure on public social spending) and public debt has grown steadily over the last two decades, surpassing 230% of national output in gross terms – by far the highest ratio in the developed world. The reduced role of nuclear power following the Fukushima accident calls for fundamental reform of the country’s electricity sector.


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