Innovation is key to boosting economic growth in the face of a rapidly ageing population. While Japan spends heavily on …

With gross government debt of 226% of GDP, Japan’s fiscal situation is in uncharted territory and puts the economy at … risk. Japan needs a detailed and credible fiscal consolidation plan, including specific revenue increases and measures to …

Local governments in Japan account for about 80 per cent of general government spending when excluding social security … Germany. We show that in Japan this was not the case and that so far local governments do participate in the stabilisation …

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …