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.
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.
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.
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.
Following the TEPCO Fukushima Daiichi nuclear power plant accident, extraordinary efforts were undertaken in Japan to implement a compensation scheme for the proper and efficient indemnification of the affected victims. This publication provides English translations of key Japanese legislative and administrative texts and other implementing guidance, as well as several commentaries by Japanese experts in the field of third party
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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.
On the occasion of his official visit to Tokyo, Angel Gurría will participate in a number of high-level international meetings, including as keynote speaker for the International Institute of Finance 30th Anniversary.
Regulatory Reform in Japan was among the first in a series of in-depth reviews on regulatory reform. Since 1999, when the review was published, Japan introduced a number of measures to enhance regulatory quality and promote regulatory reform, competition policy and market openness.
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ECEC is a topic of increased policy interest in Japan where improving quality in the ECEC sector is a subject of growing importance. The OECD has identified five effective policy levers to encourage quality in the sector.