Research Monographs in Japan-U.S. Business and Economics

Government Deficit and Fiscal Reform in Japan

Editors: Ihori, Toshihiro, Sato, Masakazu (Eds.)

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About this book

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.

Table of contents (9 chapters)

  • Introduction

    Ihori, Toshihiro (et al.)

    Pages 1-11

  • Debt Neutrality

    Ihori, Toshihiro (et al.)

    Pages 13-25

  • Intertemporal Tax Smoothing and Budget Deficits in Japan: 1957–1997

    Nakazato, Tooru

    Pages 27-43

  • Sustainability Problem

    Ihori, Toshihiro (et al.)

    Pages 45-56

  • Government Deficits in an Aging Japan

    Kato, Ryuta Ray

    Pages 57-81

Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-1-4757-3528-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-1-4020-7096-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $199.00
price for USA
  • ISBN 978-1-4419-5292-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Government Deficit and Fiscal Reform in Japan
Editors
  • Toshihiro Ihori
  • Masakazu Sato
Series Title
Research Monographs in Japan-U.S. Business and Economics
Series Volume
7
Copyright
2002
Publisher
Springer US
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4757-3528-4
DOI
10.1007/978-1-4757-3528-4
Hardcover ISBN
978-1-4020-7096-9
Softcover ISBN
978-1-4419-5292-9
Series ISSN
1385-7568
Edition Number
1
Number of Pages
IX, 171
Number of Illustrations and Tables
11 b/w illustrations
Topics