(September 15, 2015)

OECD Economics Department Working Papers No. 1262 - Achieving Fiscal Consolidation while Promoting Social Cohesion in Japan, which was drafted by Randall S. Jones and Kohei Fukawa, is available via the OECD iLibrary.

The Working Paper discusses a.o. the following subjects:

·         ACHIEVING FISCAL CONSOLIDATION WHILE PROMOTING SOCIAL COHESION IN JAPAN

o        Japan’s fiscal situation is not sustainable

§         Japan’s fiscal management policy

§         Key elements needed in a new medium-term strategy

§         Achieving fiscal sustainability requires all three arrows of Abenomics

§         Fiscal policy should also promote social sustainability

o        Increasing government revenue while promoting social cohesion

§         Japan needs to further raise the consumption tax, while keeping a single rate

§         Broaden the tax base for personal income tax, which would have positive effects on social cohesion

§         Cutting corporate income taxes

§         Environment-related taxes

o        Controlling spending while fostering socially-inclusive growth

§         Pension reform

§         Health and long-term care reform

§         Minimum-income benefit reform

§         The issue of regional inequality

§         Breaking down labour market dualism

o        Bibliography

Click here to be forwarded to the OECD Economics Department Working Papers No. 1262 – Achieving Fiscal Consolidation while Promoting Social Cohesion in Japan as available via the OECD iLibrary.

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