There are now 42 adherents to the OECD Declaration on Green Growth. Lithuania has joined Costa Rica, Colombia, Croatia, Latvia, Morocco, Tunisia, as well as OECD members in having adhered to the declaration. Latest reports are now available on Zambia, Slovak Republic, Slovenia and Korea.
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This country note provides information on latest trends in income inequalities as well as key findings from the 2015 OECD report "In it Together: Why less inequality benefits all".
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Levels of alcohol consumption in Japan are slightly below the OECD average and have slightly decreased in the last 20 years. In 2012, an average of 7.2 litres of pure alcohol per capita was consumed in Japan, compared with an estimate of 9.1 litres in the OECD.
Gross government debt has risen to 226% of GDP. Rapid population ageing is putting continued pressure on public spending, while pushing down Japan’s potential growth rate to around ¾ per cent. Bold reforms are needed to revitalise the economy.
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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.
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This country note from Going for Growth 2015 for Japan identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
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The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.
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The tax burden in Japan increased by 0.9 percentage points from 28.6% to 29.5% in 2012. The corresponding figure for the OECD average was an increase of 0.4 percentage points from 33.3% to 33.7%. Japan increased its standard VAT rate from 5% to 8% in April 2014. This standard VAT rate is still one of the lowest in the OECD and well below the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.
The number of foreign residents in Japan at the end of 2012 was about 2 033 700, 1.6% of the total population.