Implications of a Graying Japan for Government Policy

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By R. Anton Braun (au); Douglas H. Joines (au)
Year: 2014
Pages: 53
Binding Paperback
ISBN 978-1-4578-6548-0

Product Code: 1457865483

Description

Japan is in the midst of a demographic transition that is both rapid and large by international standards. As recently as 1990, Japan had the youngest population among the Group of 6 large, developed countries. However, the aging of the baby boomer generation and low fertility rates have produced very rapid aging. Japan now has the oldest population among the Group of 6, and its population will continue to age at a rapid pace. Aging is already placing a burden on government finances, and Japanäó»s ability to confront the negative fiscal implications of future aging is constrained by its very high debt-to-GDP ratio. The authors find that Japan faces a severe fiscal crisis if remedial action is not undertaken soon, and they analyze alternative strategies for correcting Japanäó»s fiscal imbalances. Figures. This is a print on demand report.

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