2005 OECD Economic Surveys: Japan 2005

image of OECD Economic Surveys: Japan 2005

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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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...

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