before moving to a more sustainable consolidation path, the larger the risks and closer Japan moves towards a financial … crisis. The policy goal is to keep government debt sustainable, not to repay it all. Just as Japan has done since the burst …

the risks and closer Japan moves towards a financial crisis. The policy goal is to keep government debt sustainable, not … to repay it all. Just as Japan has done since the burst of the asset bubble in the early 1990s there is every likelihood …

This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have …