OECD Economics Department Working Papers

Restoring Japan's Fiscal Sustainability

DOI:https://dx.doi.org/10.1787/5k46cvtkbf33-en

With gross government debt surpassing 200% of GDP, Japan’s fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that...



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