Meeting Fiscal Challenges in Japan's Rapidly Ageing Society

Meeting Fiscal Challenges in Japan's Rapidly Ageing Society
Author: Randall S. Jones
Publisher:
Total Pages: 47
Release: 2019
Genre: Economics
ISBN:

Download Meeting Fiscal Challenges in Japan's Rapidly Ageing Society Book in PDF, Epub and Kindle

Abstract: Japan's gross government debt of 226% of GDP in 2018 is the highest ever recorded in the OECD area, and places the economy at risk. The government now aims to achieve a primary surplus by FY 2025. Additional fiscal consolidation, based on a detailed plan covering specific spending cuts and tax increases, is necessary to put the government debt ratio on a downward trend in the face of rapid population ageing. This is a very difficult task and a stronger fiscal framework would help keep policy on track to achieve fiscal targets. Controlling social spending requires making better use of healthcare resources, in p art by reducing overinvestment in hospitals and increasing the use of generic drugs. Another priority is ensuring the sustainability of local government spending, in part by reducing costs through the joint provision of local public services and infrastructure across jurisdictions and the development of compact cities in the context of depopulation in many parts of Japan. Increased revenue should come primarily from hikes in the consumption tax rate, which is among the lowest in the OECD. In addition, disincentives to employment in the tax and benefit system should be removed, as sustained economic growth is crucial to ensure fiscal sustainability. This Working Paper relates to the 2019 OECD Economic Survey of Japan (http://www.oecd.org/economy/japan-economic-snapshot/)

Tackling Japan’s Fiscal Challenges

Tackling Japan’s Fiscal Challenges
Author: Keimei Kaizuka
Publisher: Springer
Total Pages: 238
Release: 2006-07-04
Genre: Business & Economics
ISBN: 1137001569

Download Tackling Japan’s Fiscal Challenges Book in PDF, Epub and Kindle

This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have necessitated the reigning in of public debt and the revamp of the pension and healthcare systems. It combines insights from academic research with the views of policymakers to distil key issues that need to inform public debate.

Trends and Factors in Japan's Long-Term Care Insurance System

Trends and Factors in Japan's Long-Term Care Insurance System
Author: Pedro Olivares-Tirado
Publisher: Springer Science & Business Media
Total Pages: 144
Release: 2013-11-19
Genre: Family & Relationships
ISBN: 9400778759

Download Trends and Factors in Japan's Long-Term Care Insurance System Book in PDF, Epub and Kindle

Ageing population poses a set of complex policy and dilemmas for social security systems, intensifying the concerns about rising expenditures in health care and long-term care for elderly. In this context, ageing societies has many valuable lessons to learn by studying Japan's experience dealing with its hyper-aged society and particularly from its strategies to ensure the financial sustainability of the Long-Term Care Insurance (LTCI) system. Based on an exhaustive literature review, and the results from six original researches on long-term care expenditures in Japan (LTCE) conducted during a doctoral program, the book provides a comprehensive view in analyzing trends and factors associated with increasing expenditures in the Long-Term Care Insurance system in Japan. The book address relevant topics such as; the main socio-demographic changes experienced by the Japanese society during the last three decades, predictors of the LTCE, measuring efficiency in nursing homes, the impact of the LTCI 2005-reform to contain expenditures, cost-effectiveness of the in-home and community based services and institutional LTCE in the last year of life. The book end with a discussion on futures challenges and strategies oriented to contribute with the sustainability of LTCI system in Japan.

OECD Economic Surveys: Japan 2019

OECD Economic Surveys: Japan 2019
Author: OECD
Publisher: OECD Publishing
Total Pages: 166
Release: 2019-04-15
Genre:
ISBN: 9264479554

Download OECD Economic Surveys: Japan 2019 Book in PDF, Epub and Kindle

Japan’s current economic expansion is its longest of the post-war era, with per capita output growth nearly matching the OECD area since 2012. However, the expansion has peaked and global uncertainties weigh on the outlook. Growth is projected to continue at a moderate rate, supported by expansionary monetary policies and fiscal measures to offset the 2019 consumption tax rate hike.

Japan’s Lost Decade

Japan’s Lost Decade
Author: Naoyuki Yoshino
Publisher: Springer
Total Pages: 187
Release: 2017-09-20
Genre: Business & Economics
ISBN: 981105021X

Download Japan’s Lost Decade Book in PDF, Epub and Kindle

This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment–saving” (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan’s long-lasting recession are provided. This volume will be of interest to researchers and policy makers not only in Japan but also the People’s Republic of China, many countries in the eurozone, and the United States, which may face similar challenges in the future.

OECD Economic Surveys: Japan 2021

OECD Economic Surveys: Japan 2021
Author: OECD
Publisher: OECD Publishing
Total Pages: 104
Release: 2021-12-03
Genre:
ISBN: 9264743294

Download OECD Economic Surveys: Japan 2021 Book in PDF, Epub and Kindle

The COVID-19 pandemic hit the economy hard, provoking a marked downturn. Economic activity tumbled as sanitary restrictions restrained consumption and investment. Workers and households with weaker attachment to employment tended to be most affected. However, robust government support and the reopening of the economy led to a partial bounce back.

Aging in the United States and Japan

Aging in the United States and Japan
Author: Yukio Noguchi
Publisher: University of Chicago Press
Total Pages: 216
Release: 2008-04-15
Genre: Social Science
ISBN: 0226590216

Download Aging in the United States and Japan Book in PDF, Epub and Kindle

Japanese and American economists assess the present economic status of the elderly in the United States and Japan, and consider the impact of an aging population on the economies of the two countries. With essays on labor force participation and retirement, housing equity and the economic status of the elderly, budget implications of an aging population, and financing social security and health care in the 1990s, this volume covers a broad spectrum of issues related to the economics of aging. Among the book's findings are that workers are retiring at an increasingly earlier age in both countries and that, as the populations age, baby boomers in the United States will face diminishing financial resources as the ratio of retirees to workers sharply increases. The result of a joint venture between the National Bureau of Economic Research and the Japan Center for Economic Research, this book complements Housing Markets in the United States and Japan (1994) by integrating research on housing markets with economic issues of the aged in the United States and Japan.

The Japanese Economy

The Japanese Economy
Author: Randall Jones
Publisher: Routledge
Total Pages: 439
Release: 2022-05-23
Genre: Social Science
ISBN: 1000566080

Download The Japanese Economy Book in PDF, Epub and Kindle

Japan has many unique strengths, but it also faces numerous challenges, many of which are related to population ageing. Rapid demographic change is projected to reduce Japan’s population by one-quarter by 2060 while increasing the share of elderly people from 29% of the total population to 38%, which would be the highest share among advanced countries. This book analyses the Japanese economy and the challenges it faces, and suggests policies to promote wellbeing, high living standards, fiscal sustainability, social inclusion and environmental sustainability. The book’s 24 chapters focus on key aspects of Japan’s economy, including the labour market, innovation, education, women in the workforce, corporate governance, small and medium-sized enterprises, the service sector, agriculture, fiscal and monetary policy, income distribution and policies to address climate change. The volume aims to increase understanding of Japan, the world’s third-largest economy and a key player in the global economy. It will assist policymakers and serve as a resource for academics and students of economics and public policy. As Japan is a front-runner in population ageing, the book’s analysis and policy recommendations are highly relevant to other countries that are, or soon will be, facing similar challenges.

Ageing with Smartphones in Japan

Ageing with Smartphones in Japan
Author: Laura Haapio-Kirk
Publisher: UCL Press
Total Pages: 311
Release: 2024-08-29
Genre: Social Science
ISBN: 1787355764

Download Ageing with Smartphones in Japan Book in PDF, Epub and Kindle

Older adults in Japan, one of the most ageing countries in the world, are starting to adopt the smartphone. What does this mean for friendship, gendered labour, multigenerational living, internal migration, health and indeed purpose in life (ikigai)? Based on 16 months of ethnographic research in urban Kyoto and in rural Kōchi Prefecture, Ageing with Smartphones in Japan follows people as they navigate social and personal shifts post-retirement. Examining how older women and men negotiate oppressive structures within society, the smartphone emerges as both challenging and perpetuating gender-based norms around care. In witnessing the response of older adults to the wider context of societal ageing and the various forms of precarity that it can engender, this book observes how people creatively navigate the challenges and opportunities of later life to define their own experience of ageing. The rise of digital visual communication among people in their 50s and older opens new possibilities for sociality and proximity among friends and family. It also presents a methodological challenge for researchers. This book responds with a series of graphic methodological experimentations, including co-created comics, participant drawings, and the author’s own fieldwork sketches and imaginative illustrations, to explore this fundamental shift in communication towards digital images. Praise for Ageing with Smartphones in Japan ‘An excellent and thoughtful book on ageing in Japan, focusing on the use of smartphones, but not limited to it. The truly innovative use of graphic and multimodal ethnography is not only effective but also showcases such methods for others.’ Iza Kavedžija, University of Cambridge ‘Highly original, extensively researched and thought-provoking, Haapio-Kirk rewards the reader with lively story-telling and beautifully crafted images that invite another level of sensory and emotional engagement – an impressive achievement.’ Jason Danely, Oxford Brookes University