Japan: Selected Issues

July 29, 2008

Preview Citation

Format: Chicago

Japan: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This Selected Issues paper discusses the impact of global financial turmoil on Japan. It describes how close integration in global financial markets has deepened and expanded the channels for spillovers. The paper discusses options for increasing the consumption tax to finance the public pension system. It explains that while parametric reforms have reduced fiscal pressures, the basic pension is becoming a less adequate safety net for the retired. The paper also attempts to explain the declining share of labor income.

Subject: Employment, Expenditure, Labor, Labor share, Pension spending, Pensions, Wages

Keywords: Bank, Conditioning pension right, CR, Earnings-age profile, Eastern Europe, Employment, Europe, Global, ISCR, Japan, Labor share, Pension, Pension spending, Pensions, Social security, Wage, Wage growth, Wage system, Wage-productivity gap, Wages

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/254
Stock No:

1JPNEA2008002
ISBN:

9781451820713
ISSN:

1934-7685

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