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Tackling Japan
 
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Tackling Japan's Fiscal Challenges
Strategies to Cope with High Public Debt and Population Aging
 
 
Palgrave Macmillan
 
 
 
 
 
04 Jul 2006
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£80.00
|Hardback Print on Demand
  
9780230007871
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DescriptionReviewsContentsAuthors

This volumes examines how should Japan cope with its daunting fiscal challenges. As the Japanese economy finally emerges from a long period of weak growth and falling prices burdened by record-high public debt, fiscal adjustment has taken centre stage in the policy agenda and the public debate. Growing demands on the budget from a rapidly ageing society have added urgency to the need to reign in public indebtedness and revamp the pension and healthcare systems. This book combines insights from academic research with the points of view of policymakers to distil key issues that need to inform public debate.


Description

This volumes examines how should Japan cope with its daunting fiscal challenges. As the Japanese economy finally emerges from a long period of weak growth and falling prices burdened by record-high public debt, fiscal adjustment has taken centre stage in the policy agenda and the public debate. Growing demands on the budget from a rapidly ageing society have added urgency to the need to reign in public indebtedness and revamp the pension and healthcare systems. This book combines insights from academic research with the points of view of policymakers to distil key issues that need to inform public debate.


Reviews

"[T]he book does an excellent job of providing thoughtful analysis of some of the thorniest aspects of Japan's fiscal situation, such as the extent to which the existing debt burden may limit future policy options, the difficulties of achieving a central government surplus given the structure of intergovermental transfers, and the many unknowns plaguing efforts to predict the budgetary consequences of Japan's aging population." - Jennifer H. Dwyer, Hunter College


Contents

Overview of the Japanese Deficit Question; R.G.Hubbard & T.Ito
Comments on 'Overview of the Japanese Deficit Question'; D.E.Weinstein
Comments on 'Overview of the Japanese Deficit Question'; N.Yoshino
Public Debt and Economic Growth in an Ageing Japan; T.Ihori, R.R.Kato, M.Kawade & S.Bessho
Comments on 'Public Debt and Economic Growth in an Ageing Japan; R.Dekle
Comments on 'Public Debt and Economic Growth in an Ageing Japan; T.Tomita
Medium-term Strategies for Long-term Goals; H.J.Aaron
Comments on 'Medium-term Strategies for Long-term Goals'; H.Ishi
Comments on 'Medium-term Strategies for Long-term Goals'; K.N.Kuttner
Fiscal Decentralization in Japan: Does It Harden the Budgets of Local Governments? E.Tajika & Y.Yui
Comments on 'Fiscal Decentralization in Japan: Does It Harden the Budgets of Local Governments?'; D.Citrin
Comments on 'Fiscal Decentralization in Japan: Does It Harden the Budgets of Local Governments?'; M.Hayashi
Managing Public Costs in the Japanese Health and Nursing Care Sector; Y.Imai & H.Oxley
Managing Social Costs: Challenges in Creating a Cohesive System for Health Care, Pensions, and the Needs of the Elderly; K.Kaizuka
Avoiding a Fiscal/Demographic/Economic Debacle in Japan; L.J.Kotlikoff
Comments on 'Managing Public Costs in the Japanese Health and Nursing Care Sector', 'Managing Social Costs: Challenges in Creating a Cohesive System for Health Care, Pensions, and the Needs of the Elderly' and 'Avoiding a Fiscal/Demographic/Economic Debacle in Japan'; P.S.Heller
Comments on 'Managing Public Costs in the Japanese Health and Nursing Care Sector', 'Managing Social Costs: Challenges in Creating a Cohesive System for Health Care, Pensions, and the Needs of the Elderly' and 'Avoiding a Fiscal/Demographic/Economic Debacle in Japan'; Y.Iwamoto
Concluding Remarks; A.O.Krueger


Authors

KEIMEI KAIZUKA is Honorary President of the Policy Research Institute, Ministry of Finance, Japan. He is also Professor Emeritus at Chuo University and at the University of Tokyo, and has held advisory positions in several financial institutions. He received his PhD in Economics from the University of Tokyo.

ANNE O. KRUEGER is First Deputy Managing Director of the International Monetary Fund. Before joining the IMF, she was the Herald L. and Caroline L. Ritch Professor in Humanities and Sciences in the Department of Economics at Stanford University. She was also the founding Director of Stanford's Centre for Research on Economic Development and Policy Reform; and a Senior Fellow of the Hoover Institution. She had previously taught at the University of Minnesota and Duke University and, from 1982 to 1986, was the World Bank's Vice President for Economics and Research.