Government Deficit and Fiscal Reform in Japan

  • Toshihiro Ihori
  • Masakazu Sato

Part of the Research Monographs in Japan-U.S. Business & Economics book series (JUSB, volume 7)

Table of contents

  1. Front Matter
    Pages i-ix
  2. Toshihiro Ihori, Masakazu Sato
    Pages 1-11
  3. Toshihiro Ihori, Hiroki Kondo
    Pages 13-25
  4. Toshihiro Ihori, Takero Doi
    Pages 45-56
  5. Ryuta Ray Kato
    Pages 57-81
  6. Hiroki Kondo
    Pages 83-105
  7. Toshihiro Ihori, Takero Doi, Hiroki Kondo
    Pages 107-122
  8. Hideo Nakano
    Pages 153-167
  9. Back Matter
    Pages 169-171

About this book

Introduction

Government Deficit And Fiscal Reform In Japan presents a theoretical-based comprehensive analysis of economic consequences of government deficits and fiscal reform in Japan. Particular emphasis is directed at developing tools that can be applied to theoretically and empirically clarify essential economic concerns in Japan such as generational incidence of fiscal reform and a growing dependence on government bonds for covering financial deficits. This book evaluates the recent movement of Japanese fiscal reform and government deficit.

The authors first summarize fiscal policy in 1990's. Then, they move on to investigate the macroeconomic impact of government dept and the sustainability problem, and then discuss benefits and costs of public investment. The political aspect of fiscal reconstruction movements in Japan is also examined. Finally, the authors investigate the behavior of central government's control on local governments' debt issuance and its effect on the real activities of local governments. This book points out that the long-run structural fiscal reform is more important than the short-run Keynesian fiscal policy in Japan.

Keywords

Japan Keynes fiscal policy macroeconomics sustainability

Editors and affiliations

  • Toshihiro Ihori
    • 1
  • Masakazu Sato
    • 2
  1. 1.University of Tokyo and Economics and Social Research InstituteJapan
  2. 2.Economics and Social Research InstituteJapan

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4757-3528-4
  • Copyright Information Springer-Verlag US 2002
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4419-5292-9
  • Online ISBN 978-1-4757-3528-4
  • Series Print ISSN 1385-7568
  • About this book