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 OECD Economic Surveys: Sweden 2011 by Collectif
Cover of the book Tax Policy Reforms 2018 by Collectif
Cover of the book OECD Reviews of Integrity in Education: Ukraine 2017 by Collectif
Cover of the book City of Talent Montreal by Collectif
Cover of the book Les pensions dans les pays de l'OCDE 2009 by Collectif
Cover of the book Online Identity Theft by Collectif
Cover of the book Public Administration after "New Public Management" by Collectif
Cover of the book How Regions Grow by Collectif
Cover of the book Appropriation et conditionnalité de l'aide by Collectif
Cover of the book Working Together for Local Integration of Migrants and Refugees in Paris by Collectif
Cover of the book Examen multidimensionnel du Maroc by Collectif
Cover of the book Ensuring Environmental Compliance by Collectif
Cover of the book Safety Assessment of Transgenic Organisms, Volume 4 by Collectif
Cover of the book Taxation of Household Savings by Collectif
Cover of the book Études économiques de l'OCDE : France 2017 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