Japan: Selected Issues

International Monetary Fund

No 2017/243, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes reasons behind low levels of private investment in Japan. Private investment in Japan not only appears low, but also seems to have underperformed relative to other advanced economies. Findings support the hypothesis that sectoral concentration (reduced competition) has had a significant negative impact on firm- and sector-level investment. Results point to potential benefits from decreasing barriers to entry, protection of incumbents, and market concentration in some sectors. Results also indicate that there is room for further reform in the gas and telecom sectors, and deregulation of professional services.

Keywords: ISCR; CR; inflation expectation; tax; income; lifetime employment system; OECD product market regulation database; house work; revenue enhancement; Consumption taxes; Inflation; Fiscal stimulus; Women; Commodity markets; Global (search for similar items in EconPapers)
Pages: 37
Date: 2017-07-31
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