Abstract
In this chapter, we review the issues that concern the fiscal authorities of Japan and the United States. We begin by presenting basic facts on the fiscal situations in the two countries. We then review a few key concepts, such as sustainability of fiscal deficits and measures of net debts. Finally, we examine the present Japanese and U.S. situations extensively.
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© 2006 International Monetary Fund
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Hubbard, R.G., Ito, T. (2006). Overview of the Japanese Deficit Question. In: Kaizuka, K., Krueger, A.O. (eds) Tackling Japan’s Fiscal Challenges. Procyclicality of Financial Systems in Asia. Palgrave Macmillan, London. https://doi.org/10.1057/9781137001566_1
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DOI: https://doi.org/10.1057/9781137001566_1
Publisher Name: Palgrave Macmillan, London
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