economy. This paper shows that the debt-stabilizing tax policies employed in Japan during the 1980s and 1990s played a role in … of how they are to be financed. This paper examines the importance of tax rules in determining the size of the government … effective if it is initially financed by debt and if that debt is repaid largely through a gradual increase in capital tax …

This paper compiles and reviews the evolution of Japan's Public Sector Balance Sheet (PSBS). In the past, large …

economic concerns in Japan's public sector. These include the macroeconomic incidence of fiscal decentralization, dependence on … government bonds for covering fiscal deficits, and social security reform. In analyzing Japan's underperforming public sector …, the authors develop and recommend policy solutions aimed at achieving Japan's growth potential, improving the quality of …