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Government Deficit and Fiscal Reform in Japan

  • Book
  • © 2002

Overview

Editors:
  1. Toshihiro Ihori

    1. University of Tokyo and Economics and Social Research Institute, Japan

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  2. Masakazu Sato

    1. Economics and Social Research Institute, Japan

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    You can also search for this editor in PubMed   Google Scholar

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

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-ix
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  2. Introduction

    • Toshihiro Ihori, Masakazu Sato
    Pages 1-11

  3. Debt Neutrality

    • Toshihiro Ihori, Hiroki Kondo
    Pages 13-25

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

    • Tooru Nakazato
    Pages 27-43

  5. Sustainability Problem

    • Toshihiro Ihori, Takero Doi
    Pages 45-56

  6. Government Deficits in an Aging Japan

    • Ryuta Ray Kato
    Pages 57-81

  7. Public Works

    • Hiroki Kondo
    Pages 83-105

  8. Fiscal Reconstruction

    • Toshihiro Ihori, Takero Doi, Hiroki Kondo
    Pages 107-122

  9. The System and Role of Local Bonds Permits in Japan

    • Takero Doi
    Pages 123-151

  10. Local Governments

    • Hideo Nakano
    Pages 153-167

  11. Back Matter

    Pages 169-171
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Keywords

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.

Editors and Affiliations

  • University of Tokyo and Economics and Social Research Institute, Japan

    Toshihiro Ihori

  • Economics and Social Research Institute, Japan

    Masakazu Sato

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