It is a great pleasure to be here today with the Friends of the OECD Parliamentary Group. We are honoured by the presence of my good friend, Nikai-san, who was the driving force in establishing this Group in 2014, when we celebrated the 50th anniversary of Japan’s membership in the OECD.
It is a great pleasure to be back in Tokyo to present the OECD’s 2017 Economic Survey of Japan. Let me thank the Japanese Government, in particular the Cabinet Office, for their support in the preparation of this Survey.
Il ressort d’un nouveau rapport de l’OCDE que l’économie japonaise s’accélère et qu’elle crée des emplois. La dernière Étude économique de l'OCDE consacrée au Japon, présentée à Tokyo par le Secrétaire général de l’OCDE, M. Angel Gurría, constate que, depuis quelques années, le taux de croissance par habitant au Japon est comparable à celui des autres pays de l’OCDE, ce qui constitue une nette amélioration.
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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 English version
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Japan 2017 Powerpoint Japanese version
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This country note from Going for Growth 2017 for Japan identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
This publication compiles comparable tax revenue statistics for Indonesia, Japan, Korea, Malaysia, the Philippines and Singapore. The model is the OECD Revenue Statistics database – a fundamental reference, backed by a well-established methodology, for OECD member countries. Extending the OECD methodology to Asian countries enables comparisons about tax levels and tax structures on a consistent basis, both among Asian economies and between OECD and Asian economies. This work has been is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre.
With 25 years of sluggish economic growth, Japan’s per capita income has fallen from a level matching the average of the top half of OECD countries in the early 1990s to 14% below that today. Weak growth, together with rapid population ageing, has driven public debt into uncharted territory. Revitalising growth is thus the top priority for the Japanese government. With the labour force shrinking more rapidly than the population, per capita output can only grow through improvements in labour productivity and labour force participation. Japan’s highly-skilled labour force and its technological leadership can help close the gap with leading OECD countries in per capita income. But broad-based structural reforms, as envisaged in the third arrow of Abenomics, are needed to allow these strengths to fully achieve their potential. The initial impact of Abenomics in 2013 was impressive, and the reform process needs to continue.