Economics, Econometrics and Finance
8 years ago

Fiscal consolidation in Japan sparks resistance but promises long-term economic growth.

1 view
Advances in Japanese business and economics
Fiscal Consolidation in the Political Economy of Japan
Toshihiro Ihori

Paper Summary

The article discusses how Japan's government and private sector decide when to make financial changes. It shows that temporary fixes can lead to more debt in the long run. Making long-term plans for financial changes can help improve the system, even if it's hard at first.

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