Japan: Economic and Policy Developments
Summary:
This paper reviews economic and policy developments in Japan during the 1990s. It suggests that, while growth is likely to be adversely affected in the near term owing to the fiscal consolidation measures adopted as part of the FY1997 budget, the prospects are favorable for continued economic recovery, supported by improved labor market developments and external demand. A declining working-age population, however, will constrain underlying growth over the longer term. The paper also suggests that a deeper and more accelerated fiscal adjustment would help ensure a declining debt ratio over the medium term.
Series:
Country Report No. 1997/091
Subject:
Banking Expenditure Financial institutions Fiscal consolidation Insurance Labor Loans Securities
English
Publication Date:
October 31, 1997
ISBN/ISSN:
9781451820539/1934-7685
Stock No:
1JPNEA0021997
Pages:
108
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