Skip navigation
Skip navigation

Fiscal Sustainability in Japan

Armstrong, Shiro; Okimoto, Tatsuyoshi


Japanese government debt is at unprecedented levels with a gross debt to gross domestic product ratio of over 230per cent and a net debt to gross domestic product ratio of 150per cent. There are three big challenges to fiscal sustainability: the huge amount of government bonds outstanding; continued budget deficits; and the growing age-related spending. The debt is sustainable as long as the market as a whole believes it is. The path to fiscal consolidation requires increasing the tax rate,...[Show more]

CollectionsANU Research Publications
Date published: 2016
Type: Journal article
Source: Asia & The Pacific Policy Studies
DOI: 10.1002/app5.133
Access Rights: Open Access


File Description SizeFormat Image
01_Armstrong_Fiscal_Sustainability_in_Japan_2016.pdf1.82 MBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator