Japanese fiscal reform: Fiscal reconstruction and fiscal policy

Toshihiro Ihori, Takero Doi, Hiroki Kondo

Research output: Contribution to journalArticlepeer-review

27 Citations (Scopus)


This paper evaluates the recent movement of Japanese fiscal reform. We first summarize fiscal policy in 1990s. Then, we investigate several relevant topics of fiscal policy such as the macroeconomic impact of government debt and the sustainability problem. We then consider dynamic properties of fiscal reconstruction process by analyzing the dynamic game among various interest groups. This paper points out that the long-run structural reform is more important than the short-run Keynesian policy in Japan.

Original languageEnglish
Pages (from-to)351-370
Number of pages20
JournalJapan and The World Economy
Issue number4
Publication statusPublished - 2001 Dec


  • D62
  • F13
  • Fiscal policy
  • Fiscal reconstruction
  • Fiscal structural reform
  • H41

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Political Science and International Relations


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