Japan: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 272

Publication date: August 2005

ISBN: 9781451820645

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Topics covered in this book

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Banks and Banking , Exports and Imports , Finance , Public Finance , Demography , Agribusiness , ISCR , CR , Japan , rate , bank , behavior , saving rate , section B reviews household savings behavior , productivity-enhancing reform , household behavior regards saving , illustrative saving projection , Aging , Bank soundness , Foreign assets , Agricultural policy , Agricultural sector , Global , Asia and Pacific

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Summary

This Selected Issues paper for Japan illustrates the impact of fiscal and structural reforms on the Japanese and world economies. Japan faces a sizable fiscal deficit, against a backdrop of weak trend growth and growing imbalances in the world economy. Moreover, upward pressure on health care and social security spending owing to an aging population will add significantly to strains on public resources in the near future. The Japanese government is taking a range of measures aimed at raising productivity growth and stabilizing the public debt in relation to GDP over the medium term.