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Framework for Fiscal Consolidation: Successes and Failures in Japan

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  • Masato Miyazaki

Abstract

This article discusses selected historical developments of Japan’s public finance system from 1947 through 2004, then analyses the successful efforts for fiscal consolidation in the 1980s and the unsuccessful attempt in the 1990s. The article concludes with a look at ongoing reform efforts and lessons for the future.

Suggested Citation

  • Masato Miyazaki, 2007. "Framework for Fiscal Consolidation: Successes and Failures in Japan," OECD Journal on Budgeting, OECD Publishing, vol. 6(4), pages 123-148.
    • Handle: RePEc:oec:govkaa:5l4s5z7s37nw
    DOI: 10.1787/budget-v6-art23-en
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    Cited by:

    1. Emmanuel Apergis & Nicholas Apergis, 2019. "“Sakura” has not grown in a day: infrastructure investment and economic growth in Japan under different tax regimes," Empirical Economics, Springer, vol. 57(2), pages 541-567, August.
    2. Masato Miyazaki, 2010. "In Search of Lost Revenue: Why Restoring Fiscal Soundness After a Crisis is Harder Than it Looks," IMF Working Papers 2010/137, International Monetary Fund.

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