Priorities for Structural Reforms

  • Yougesh Khatri
Chapter
Part of the Procyclicality of Financial Systems in Asia book series (IMF)

Abstract

Unresolved structural rigidities explain much of Japan’s low potential growth. Sector specific issues and economy-wide factors that inhibit competition, innovation, and entrepreneurship have combined to depress productivity (Chapter 2). After a decade of weak performance, a program of structural reforms was launched in 2001. It aimed at rationalizing public enterprises, reducing regulation, facilitating corporate restructuring and startups, and enhancing labor market flexibility. However, the gains so far have been limited as much remains to be done. This chapter examines the state of play with the reform agenda and policy options for enhancing productivity further, particularly in the service sector.

Keywords

Foreign Direct Investment Total Factor Productivity Structural Reform Total Factor Productivity Growth Gross National Income 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© International Monetary Fund 2008

Authors and Affiliations

  • Yougesh Khatri

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