The OECD has now grown into an institution of truly global relevance. And Japan, which was the first Asian country to join the organisation, is now a world economic giant. It is a great honour to introduce the Chairman of the 2014 Ministerial Council Meeting, Prime Minister Shinzo Abe.
The average worker in Japan faced a tax burden on labour income (tax wedge) of 31.6% in 2013 compared with the OECD average of 35.9%. Japan was ranked 23 of the 34 OECD member countries in this respect.
Mr. Angel Gurría was in Japan from 6 to 10 April 2014 to commemorate the country’s 50th anniversary of membership of the Organisation. The OECD Secretary-General was received in Audience by Crown Prince Naruhito, and held a bilateral meeting with Prime Minister Abe, to whom he presented the report “OECD Better Policies Japan - Advancing the Third Arrow for a Resilient Economy and Inclusive Growth”.
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After two decades of low growth and persistent deflation, Japan is showing signs of renewed economic dynamism. But to regain its primacy as a leading economic powerhouse and raise the well-being of its citizens, Japan needs a structural reform package to narrow the productivity gap with leading OECD countries, notably by increasing the labour participation of women and older citizens.
This learning experience is an important model for other countries recovering from natural disasters as well. It demonstrates how they can best invest in their most precious resource – their young people!
Japan joined the OECD in 1964, the same year it hosted the summer Olympic Games in Tokyo. OECD membership signalled Japan’s successful transition into a fully industrialised economy, Foreign Minister Fumio Kishida writes on the 50th anniversary of his country’s accession.
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Note summarising the performance of 15-year-olds in Japan in the PISA 2012 assessment of problem solving.
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The effective age of labour market exit in Japan is one of the highest in OECD. Retirement-income adequacy may be an issue for future cohorts of retirees...
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Japan has good health outcomes and has rapidly increased its spending on health care in recent years. It now needs to focus on improving efficiency of its health system in order to continue delivering high-quality care while containing costs, according to a new OECD report.
Two rounds of the Survey of Adult Skills are under way: Round 1 (2008-13) with 24 participating countries, whose results were released in October 2013, and Round 2 (2012-16) with 9 participating countries, whose results will be released in 2016. A third round is scheduled to begin in May 2014.