Titlebook: Japan‘s Economic Revival; Policy Challenges in Daniel A. Citrin,Alessandro Zanello Book 2008 Palgrave Macmillan, a division of Macmillan Pu

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growth-factor

Recent Developments and Outlook for Japan’s Capital Flowsa generally conservative approach to investing. Households are also purchasing an increasing amount of equities in search of higher yield. Meanwhile, Japanese corporations are seeing a sharp increase in income from foreign assets, reflecting past projects that are now turning profitable.

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Why is Japanese Banking Sector Profitability so Low?red their nonperforming loan (NPL) ratios dramatically and key indicators such as capitalization and bank ratings have also improved, although progress has lagged among the regional banks (Table 11.1 and Figure 11.1. Fears of a financial meltdown have eased, and the near-term stability of the banking system is not in doubt.

Bother

Japan’s Potential Output and Productivity Growthfact has been contracting since 2000, and the elderly dependency ratio (the share in the working-age population of people at least 65 years old) is now the highest among industrial countries. With a declining labor force, per capita income growth will depend critically on higher productivity.

Emasculate

Strategies for Fiscal Consolidationtments, social security expenditure will reach 22 percent of GDP by 2025, up from about 18 percent of GDP in 2005.. As a result, the government’s net debt could continue to rise. Rising debt could increase interest rates, lower investment, and ultimately hamper growth in the context of population aging.

曲解

说明

Priorities for Structural Reformsnhancing 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.