With gross government debt of 226% of GDP, Japan’s fiscal situation is in uncharted territory and puts the economy at risk. Japan needs a detailed and credible fiscal consolidation plan, including specific revenue increases and measures to control spending to restore its fiscal sustainability.
Innovation is key to boosting economic growth in the face of a rapidly ageing population. While Japan spends heavily on education and R&D, appropriate framework conditions are essential to increase the return on such investments by strengthening competition, both domestic and international, and improving resource allocation.
OECD Corporate Governance Working Paper No.17. This report examines the influence of institutional shareholders and their activities towards good corporate governance, the historical changes to practices within shareholder meetings and the role that institutional shareholders have played in the improvement of corporate governance within Japanese listed companies.
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Japan stands out as one of the advanced economies that weathered the global financial and economic crisis best. The employment rate of the working-age population was already 4.4 percentage points (ppts) above the OECD average on the eve of the crisis and this advantage had increased to 7.1 ppts by 2014 Q4 (73.0% in Japan versus 65.9% for the OECD area).
Specific country notes have been prepared using data from the database OECD Health Statistics 2015, July 2015 version. The notes are available in PDF format.
The rise in Internet usage among young people has seen a corresponding increase in international concern regarding their online safety. In line with the Recommendation on the Protection of Children Online, the Japanese government has initiated efforts to develop improved indicators to measure Internet literacy among youth.
Mr. Gurría presented the 2015 OECD Economic Survey of Japan, held several meetings including with the Prime Minister, took part in the launch event for the Education 2030 project and delivered a keynote speech at the International Symposium on Corporate Governance and Japan’s Growth Strategy.
The Japanese economy is on a path to stronger growth, but fundamental structural reforms are urgently needed to promote a more robust recovery, address high levels of government debt and reverse a trend toward declining living standards, according to the latest OECD Economic Survey of Japan.
I am delighted to be at Tokyo University this afternoon for the launch of the Innovative Schools Network. As one of Asia’s foremost institutions of education, one which prides itself on moving forward the frontiers of human knowledge in the interests of society at large, Todai (Tokyo University) is the perfect setting for today’s event.
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Water resources allocation determines who is able to use water resources, how, when and where. Capturing information from 27 OECD countries and key partner economies, the report presents key findings from the OECD Survey of Water Resources Allocation and case studies of successful allocation reform.