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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.
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.
Japan is poised for an economic expansion, but long-term growth prospects remain contingent on additional efforts to revitalise the economy and reduce unsustainable levels of public debt, according to the OECD’s latest Economic Survey of Japan.
OECD Secretary-General will visit Japan on 22-24 April to launch the Economic Survey of Japan. During his stay in Tokyo, Mr. Gurría will also meet government officials and representatives from the business and labour communities amongst others.
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Gains in female education attainment have contributed to a worldwide increase in women’s participation in the labour force, but considerable gaps remain in working hours, conditions of employment and earnings. More specific data for Japan are available in this country note.
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Education at a Glance 2012: Country Notes - Japan
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Although the salaries of experienced teachers in Japan are high relative to other OECD countries, their starting salaries are lower and working hours are longer. Moreover, different from the trend across OECD countries, teachers’ salaries have been declining since 2000 in real terms.
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The labour market recovery in Japan began strongly but has weakened since.
On the occasion of his visit, Angel Gurría presented the brochure "Policies for a revitalisation of Japan" and met with government and business representatives.
Without adequate investment in skills, people languish on the margins of society, technological progress does not translate into inclusive economic growth, and countries can no longer compete in an increasingly knowledge-based global society, said OECD Secretary-General.