Restoring Japan’s fiscal sustainability

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 includes measures to control spending and raise revenue.

Related Documents

• Economic Survey of Japan 2013

Cities: green policies can contribute to growth

Cities can generate growth and jobs while becoming greener – this is the message of the OECD’s new Green Growth in Cities report. Drawing on case studies of Paris, Chicago, Kitakyushu and Stockholm, the report identifies green policies that can respond to urban growth priorities and suggests how to implement and finance them.

日本新しいダイナミックな成長に向けて

OECD対日審査報告書2013年版のポイント

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Japan: Towards a new dynamic growth (April 2013)

This brochure highlights the Japan's key challenges which are to achieve sustained growth and fiscal sustainability. The three-pronged strategy combining bold monetary policy, flexible fiscal policy and a growth strategy should be effectively implemented to realise these goals.

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The OECD and Japan: helping pave the road to recovery

The new government’s resolve to revitalise the economy through a three-pronged strategy, combining bold monetary policy, flexible fiscal policy and a growth strategy is most encouraging, said OECD Secretary-General.

Toward New Dynamic Growth

Japan is emerging from a difficult five-year period, marked by two major shocks -- the 2008 global financial crisis and the tragic 2011 Great East Japan Earthquake -- and three recessions. We admire the courage and resolve of the Japanese people in face of such adversity and we confirm our feeling of optimism and dynamism in Japan, said OECD Secretary-General.

Japan’s Growth Strategy

Focusing on the new growth strategy of Japan, OECD Secretary-General noted that the key priority is to increase productivity, the country being well below the levels of the upper half of OECD countries, while it should aim to be very near the top.

Japan: All on board for a new growth

The coming expansion will be driven by exports, and should increase business investment and employment and bring an end to deflation. While we are encouraged by these developments, it remains critically important for Japan to address extremely high and still rising levels of government debt and other challenges posed by its ageing population, said OECD Secretary-General.

Meeting with Members of Japan’s Diet

Speaking at the Japan's House of Representatives, OECD Secretary-General said that Japan is one of the most active and proactive OECD members. He added that Japan has made remarkable contributions to the work of our Organisation and is playing a central role in key policy areas like science and technology, education, environment and investment.

Economic Survey of Japan 2013

Japan's key challenges are to achieve sustained growth and fiscal sustainability. The three-pronged strategy combining bold monetary policy, flexible fiscal policy and a growth strategy should be effectively implemented to realise these goals.