Fiscal Sustainability in Japan
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]
|Collections||ANU Research Publications|
|Source:||Asia & The Pacific Policy Studies|
|Access Rights:||Open Access|
|01_Armstrong_Fiscal_Sustainability_in_Japan_2016.pdf||1.82 MB||Adobe PDF|
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