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• External links to macroeconomic reports and data

Seminar: Growth performance and sustainability in the enhanced engagement countries

The Economics Department organised a seminar on 24 September 2009 to bridge this gap in the policy debate by identifying potential sources of growth in Brazil, China, India, Indonesia and South Africa, as well as policy challenges for sustaining long-term growth in these countries.

Economic Survey of Japan 2009: Financial stability: overcoming the crisis and improving the efficiency of the banking sector

Emergency measures adopted in the wake of the global crisis should be phased out once a recovery is in place, while adopting reforms to address chronic problems in the financial sector and increase efficiency.

Economic Survey of Japan 2009: Health-care reform in Japan: controlling costs, improving quality

Japan’s health-care system should be improved by increasing its efficiency to limit costs, enhancing quality and reducing shortages. Moreover, universal coverage requires improving compliance in paying premiums.

The role of transparency in the conduct of monetary policy

In contrast to the once prevailing norm of secrecy and opaqueness, transparency has now become one of the main features characterising the conduct of monetary policy.

Economic Survey of Japan 2009: The fiscal policy response to the crisis and achieving fiscal sustainability

Japan needs a credible fiscal consolidation plan, including spending cuts and tax increases, to maintain confidence in its fiscal sustainability as gross public debt nears 200% of GDP in 2010.

Economic Survey of Japan 2009: Overcoming the global crisis: the need for a new growth model

As attention shifts to fiscal consolidation, sustaining output growth will depend increasingly on private domestic demand, requiring reforms, particularly in the labour market and the non-manufacturing sector.

Economic Survey of Japan 2009: Improving the policy framework in Japan to address climate change

To achieve its targets to reduce greenhouse gas emissions in a cost-effective manner, Japan should create a mandatory and comprehensive emission trading system, supplemented if necessary, by carbon taxes.

Economic Survey of Japan 2009

Japan has been hard-hit by the global financial crisis. Its main economic challenges include raising its growth potential, upgrading the financial sector, resolving its fiscal problem, reforming health care and improving climate change policies.

Policy Brief: OECD対日審査報告書2009年版

世界経済危機の中，日本経済は戦後最大の景気後退に陥った．2009年の国内総 生産は，輸出の低迷と厳しい金融状況を反映し，約6%の減少となる見込みである．金融市場の安定化を図り，政策金利を引下げ，そして大規模な財政刺激策を実施 するという当局による迅速な対応は，世界貿易の反転がゆっくりとしたものに止ま るという状況の中で，景気悪化の影響を和らげ，緩やかな回復のきっかけとなって いる．デフレ傾向が続く中において，日本銀行は，政策金利をゼロ近傍に据え置く べきである．

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