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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | Japan has overcome many of the structural problems that hindered growth during the decade following the collapse of the asset price bubble in the early 1990s, helping it to achieve a sustained expansion led by domestic demand. Although robust economic growth is projected to continue through 2007, Japan must address a number of problems to sustain the expansion over the medium term. This chapter identifies five key challenges: i) ensuring a definitive end to deflation under a new monetary policy framework; ii) achieving fiscal consolidation in the context of high public debt and rapid population ageing; iii) addressing rising income inequality and poverty while reducing government spending; iv) boosting productivity growth by upgrading the innovation system, focusing on the R&D framework, product market competition and the education system; and v) strengthening the integration of Japan in the world economy to benefit more fully from globalisation. |
| Page Count | 28 |
| Starting Page | 21 |
| Ending Page | 42 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2006-08-21 |
| Access Restriction | Open |
| Subject Keyword | Economics |
| Content Type | Text |
| Resource Type | Chapter |
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