Framework for Fiscal Consolidation: Successes and Failures in Japan

Masato Miyazaki

OECD Journal on Budgeting, 2007, vol. 6, issue 4, 123-148

Abstract: This article discusses selected historical developments of Japan’s public finance system from 1947 through 2004, then analyses the successful efforts for fiscal consolidation in the 1980s and the unsuccessful attempt in the 1990s. The article concludes with a look at ongoing reform efforts and lessons for the future.

Date: 2007
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