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Palgrave Macmillan

Tackling Japan’s Fiscal Challenges

Strategies to Cope with High Public Debt and Population Aging

  • Book
  • © 2006

Overview

Editors:
  1. Keimei Kaizuka

    1. Policy Research Institute, Japan
      Chuo University, Japan

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    You can also search for this editor in PubMed   Google Scholar

  2. Anne O. Krueger

    1. International Monetary Fund, USA

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Procyclicality of Financial Systems in Asia (IMF)

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Overview of the Japanese Deficit Question

    • R. Glenn Hubbard, Takatoshi Ito
    Pages 1-21

  3. Comments on “Overview of the Japanese Deficit Question”

    • David E. Weinstein, Naoyuki Yoshino
    Pages 22-29

  4. Public Debt and Economic Growth in an Aging Japan

    • Toshihiro Ihori, Ryuta Ray Kato, Masumi Kawade, Shun-ichiro Bessho
    Pages 30-68

  5. Comments on “Public Debt and Economic Growth in an Aging Japan”

    • Robert Dekle, Toshiki Tomita
    Pages 69-78

  6. Medium-Term Strategies for Long-Term Goals

    • Henry J. Aaron
    Pages 79-104

  7. Comments on “Medium-Term Strategies for Long-Term Goals”

    • Hiromitsu Ishi, Kenneth N. Kuttner
    Pages 105-111

  8. Fiscal Decentralization in Japan: Does it Harden the Budgets of Local Governments?

    • Eiji Tajika, Yuji Yui
    Pages 112-139

  9. Comments on “Fiscal Decentralization in Japan: Does it Harden the Budgets of Local Governments?”

    • Daniel Citrin, Masayoshi Hayashi
    Pages 140-152

  10. Managing Public Costs in the Japanese Health and Nursing Care Sector

    • Yutaka Imai, Howard Oxley
    Pages 153-173

  11. Challenges in Creating a Cohesive System for Health Care, Pensions, and the Needs of the Elderly

    • Keimei Kaizuka
    Pages 174-180

  12. Avoiding a Fiscal/Demographic/Economic Debacle in Japan

    • Laurence J. Kotlikoff
    Pages 181-203

  13. Comments on “Managing Public Costs in the Japanese Health and Nursing Care Sector,” “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”

    • Peter S. Heller, Yasushi Iwamoto
    Pages 204-213

  14. Concluding Remarks

    • Anne O. Krueger
    Pages 214-217

  15. Back Matter

    Pages 218-222
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Keywords

About this book

This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have necessitated the reigning in of public debt and the revamp of the pension and healthcare systems. It combines insights from academic research with the views 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

Editors and Affiliations

  • Policy Research Institute, Japan

    Keimei Kaizuka

  • Chuo University, Japan

    Keimei Kaizuka

  • International Monetary Fund, USA

    Anne O. Krueger

About the editors

HENRY J. AARON Bruce and Virginia MacLaury Senior Fellow, The Brookings Institution, USA SHUN-ICHIRO BESSHO Policy Research Institute, Ministry of Finance, Japan ROBERT DEKLE Professor, Department of Economics, University of Southern California, USA DANIEL CITRIN Deputy Director, Asia and Pacific Department, International Monetary Fund, USA MASAYOSHI HAYASHI Principal Economist, Policy Research Institute, Ministry of Finance, Japan PETER S. HELLER Deputy Director, Fiscal Affairs Department, International Monetary Fund, USA R. GLENN HUBBARD Dean, Dean and Russell L. Carson Professor of Finance and Economics, Graduate School of Business and Professor of Economics, Columbia University, USA TOSHIHIRO IHORI Professor, Faculty of Economics, University of Tokyo, Japan YUTAKI IMAI WIN Advisory Group, USA HIROMITSU ISHI Professor, Chuo University, Japan TAKATOSHI ITO Professor, Graduate School of Business and Graduate School of Public Policy, University of Tokyo, Japan YASUSHI IWAMOTO Professor, Department of Economics, University of Tokyo, Japan RYUTA RAY KATO Graduate School of International Relations, International University of Japan, Japan MASUMI KAWADE Faculty of Economics, Niigata University, Japan LAURENCE J. KOTLIKOFF Professor of Economics, Boston University, USA KENNETH N. KUTTNER Danforth-Lewis Professor of Economics, Economics Department, Oberlin College, USA HOWARD OXLEY Senior Economist, Health Division, Employment and Social Affairs Directorate, OECD, France EIJI TAJIKA Dean, Graduate School of International and Public Policy, Professor, Graduate School of Economics, Hitotsubashi University, Japan TOSHIKI TOMITA Professor, Faculty of Law, Chuo University, Japan ISAMU UEDA Senior Vice Minister of Finance, Ministry of Finance, Japan DAVID E. WEINSTEIN Professor, Department of Economics, Columbia University, USA YUJI YUI Dean, Department of Economics, Seijo University, Japan NAOYUKI YOSHINO Professor of Economics, Keio University, Japan

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