At the outset of this analysis of fiscal sustainability in Japan, we first reviewed the methodologies adopted in previous studies. Taking FY2009 as our starting point, we developed a long-term estimate of fiscal conditions based on the economic and demographic assumptions in the study of pension...

In this paper, we discuss the structure of a forward-looking model of the Japanese economy, which has been jointly developed by the Institute of Economic Research, Kyoto University, and the Policy Research Institute, Ministry of Finance, and use the model to simulate policies for fiscal...

The "Fiscal Economic Model" is a macroeconomic model designed to ensure coherent interactions between the macro economy and the fiscal and social security system while giving the full-length formulation of fiscal balance and the social security system. The objective of this model is to develop...