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The Mounting Challenges of Restoring Japan’s Fiscal Integrity

Japanese public finances are burdened with persistent deficits and massive debt. This series examines what should be done to restore Japan’s fiscal integrity.

Why Is Japan’s Consumption Tax Lower Than the OECD Average?Kidera Hajime

At 8%, Japan’s current consumption tax rate is quite low compared to other advanced economies. This situation is explained by the Ministry of Finance’s postwar preference for tax policies centered on income tax and by the electoral losses of political administrations that sought either to introduce a general consumption tax or to increase the tax rate.

Steps Toward Restoring the Medium- to Long-Term Sustainability of Social SecurityOguro Kazumasa

Japan’s public finances are burdened with massive deficits. The author explains the structural problems of public finances and their medium- to long-term risks.

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