Japan: Selected Issues

International Monetary Fund

No 2008/254, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper discusses the impact of global financial turmoil on Japan. It describes how close integration in global financial markets has deepened and expanded the channels for spillovers. The paper discusses options for increasing the consumption tax to finance the public pension system. It explains that while parametric reforms have reduced fiscal pressures, the basic pension is becoming a less adequate safety net for the retired. The paper also attempts to explain the declining share of labor income.

Keywords: ISCR; CR; wage; pension; Japan; bank; social security; wage growth; conditioning pension right; earnings-age profile; wage-productivity gap; wage system; Labor share; Pension spending; Wages; Pensions; Employment; Global; Europe; Eastern Europe (search for similar items in EconPapers)
Pages: 50
Date: 2008-07-29
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Citations: View citations in EconPapers (3)

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