OECD Economic Surveys: Japan 2017

Business & Finance, Economics
Cover of the book OECD Economic Surveys: Japan 2017 by Collectif, OECD
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Collectif ISBN: 9789264272187
Publisher: OECD Publication: April 13, 2017
Imprint: OECD Language: English
Author: Collectif
ISBN: 9789264272187
Publisher: OECD
Publication: April 13, 2017
Imprint: OECD
Language: English

Economic growth has picked up since Abenomics was launched in 2013, and so has job creation. However, Japan faces serious demographic headwinds, as its population is projected to decline by a quarter over 2015-50, with the share over age 65 rising from 26% to almost 40%. Firms already face labour shortages. Population ageing also puts upward pressure on government spending. Gross government debt, which has risen to 219% of GDP, the highest ever recorded in the OECD area, continues to rise. Labour productivity is about a quarter below the top half of OECD countries despite Japan's high levels of human capital, R&D and business investment. Slowing productivity growth has been accompanied by increased income inequality and relative poverty. Gender gaps in employment and wages are relatively large. This Economic Survey of Japan assesses the country’s recent macroeconomic performance and prospects, and offers recommendations to boost productivity and foster more inclusive growth. In particular, the expanding gap between leading and lagging firms should be narrowed by promoting business sector dynamism and entrepreneurship. Breaking down labour market dualism is a priority to bring about inclusive growth and raise productivity. Faster productivity and output growth, accompanied by measures to limit public spending growth and gradually increase government revenue, would help ensure fiscal sustainability.

SPECIAL FEATURES: PRODUCTIVITY FOR INCLUSIVE GROWTH; FISCAL SUSTAINABILITY

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Economic growth has picked up since Abenomics was launched in 2013, and so has job creation. However, Japan faces serious demographic headwinds, as its population is projected to decline by a quarter over 2015-50, with the share over age 65 rising from 26% to almost 40%. Firms already face labour shortages. Population ageing also puts upward pressure on government spending. Gross government debt, which has risen to 219% of GDP, the highest ever recorded in the OECD area, continues to rise. Labour productivity is about a quarter below the top half of OECD countries despite Japan's high levels of human capital, R&D and business investment. Slowing productivity growth has been accompanied by increased income inequality and relative poverty. Gender gaps in employment and wages are relatively large. This Economic Survey of Japan assesses the country’s recent macroeconomic performance and prospects, and offers recommendations to boost productivity and foster more inclusive growth. In particular, the expanding gap between leading and lagging firms should be narrowed by promoting business sector dynamism and entrepreneurship. Breaking down labour market dualism is a priority to bring about inclusive growth and raise productivity. Faster productivity and output growth, accompanied by measures to limit public spending growth and gradually increase government revenue, would help ensure fiscal sustainability.

SPECIAL FEATURES: PRODUCTIVITY FOR INCLUSIVE GROWTH; FISCAL SUSTAINABILITY

More books from OECD

Cover of the book Multi-dimensional Review of Kazakhstan by Collectif
Cover of the book Coopération pour le développement 2017 by Collectif
Cover of the book The Impact of the Financial Crisis on the Insurance Sector and Policy Responses by Collectif
Cover of the book Cities and Climate Change by Collectif
Cover of the book Safety Assessment of Transgenic Organisms, Volume 4 by Collectif
Cover of the book The Political Economy of Biodiversity Policy Reform by Collectif
Cover of the book OECD Employment Outlook 2017 by Collectif
Cover of the book Valuation of Environment-Related Health Risks for Children by Collectif
Cover of the book OECD Information Technology Outlook 2010 by Collectif
Cover of the book OECD Economic Surveys: Norway 2010 by Collectif
Cover of the book Reviews of National Policies for Education: Higher Education in Egypt 2010 by Collectif
Cover of the book Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Ghana 2011 by Collectif
Cover of the book OECD Territorial Reviews: Trans-border Urban Co-operation in the Pan Yellow Sea Region, 2009 by Collectif
Cover of the book Examens de l'OCDE des politiques de l'investissement : Pérou 2008 by Collectif
Cover of the book Greening Household Behaviour by Collectif
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy