This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special … emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation …

-cyclical fiscal policy and find it applicable for democratic countries with semi-efficient governments including Japan …

in the current public sector in advanced countries, including Japan. Such concerns include the macroeconomic effect of … Analytical Basic Concepts -- 3 The Public Sector in Japan -- 4 Organization of the Book -- Appendix: Japan's Fiscal Management … the Policy Maker -- Appendix: Public Investment in Japan -- References -- Keywords -- Questions -- Chapter 3 The …