Frequency: Every 18 months
Electronic format: Acrobat PDF
This 2008 edition of OECD's periodic survey of the Japanese economy finds Japan experiencing the longest expansion in its post-war history. Moving forward, this survey examines some of Japan's key challenges including bringing an end to deflation, achieving progress on fiscal consolidation, reforming the tax system, enhancing the productivity of the services sector, and coping with population ageing dualism.
Table of contents:
Executive Summary Assessment and Recommendations Chapter 1. Key Challenges to Sustaining the Expansion in Japan -Recent Economic Trends in Japan and the Short-Term Economic Outlook -The Polarisation of this Economic Expansion Poses Risks -Key Challenges Facing the Japanese Economy -Conclusion -Annex 1.A1. Taking Stock of Structural Reforms Chapter 2. Bringing an End to Deflation under the New Monetary Policy Framework -Monetary Policy Since the End of Quantitative Easing -The Direction of Monetary Policy -Monetary Policy in the Light of Longer-Term Risks -Conclusion Chapter 3. Achieving Progress on Fiscal Consolidation by Controlling Government Expenditures -How Much Progress has Japan Made in Addressing its Fiscal Problem? -The Governmentís Medium-Term Fiscal Plan -Continuing the Downward Trend in Government Spending -Conclusion: Additional Revenues are Needed to Achieve Japanís Medium-Term Fiscal Objectives -Annex 3.A1. "Growth Scenario" and "Risk Scenario" of the 2008 Reference Projection Chapter 4. Reforming the Tax System to Promote Fiscal Sustainability and Economic Growth -Major Challenges Facing the Japanese Tax System -Analysis of the Major Taxes in Japan -Directions for Tax Reform Chapter 5. Enhancing the Productivity of the Service Sector in Japan -The Role of the Service Sector in the Japanese Economy -Factors Hindering the Growth of the Service Sector -Polices to Promote Higher Productivity in the Service Sector -Selected Issues at the Sectoral Level Chapter 6. Reforming the Labour Market to Cope with Increasing Dualism and Population Ageing -Falling Wages and Labour Market Dualism -Ensuring Adequate Vocational Training in Japan -Coping with Rapid Population Ageing