Labour productivity in Japan is about a quarter below the average of the top half of OECD countries, which is surprising given Japan's outstanding performance in education and skills and high level of R&D spending.
The private sector can be a strategic partner in the pursuit of sustainable and inclusive growth, with the ability to have a profound impact, particularly in areas such as climate change, inclusiveness, equality and good governance.
Structural trends not directly related to labour market functioning and redistribution have made a sizeable contribution to inequality and poverty in Sweden, but occupy only limited space in the income inequality debate.
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This OECD technical report to G-20 Finance Ministers and Governors provides an assessment of progress on structural reform to achieve strong, sustainable and balanced growth under the G-20 Enhanced Structural Reform Agenda (ESRA) agreed at the Hangzhou summit.
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Brazil’s old-age pensions have reduced old-age poverty below OECD levels, but pension expenditures of 8.2% of GDP are expected to rise rapidly as the population ages. A pension reform is necessary to ensure the financial sustainability of the system.
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Japan 2017 overview English version
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Japan 2017 overview Japanese version
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Japan 2017 Powerpoint Japanese version
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Japan 2017 Powerpoint English version
While growth has picked up, more needs to be done for Japan to overcome a record high government debt ratio and an accelerating decline in its working-age population.