Why Overcoming Deflation is Crucial to Fiscal Restructuring

2005年12月06日

(Satoshi Shinohara)

Japan's public sector debt as a percentage of nominal GDP is the largest among advanced economies. To reduce the debt ratio, the government aims to achieve a primary surplus by the early 2010s. However, fiscal restructuring will also require overcoming deflation so that the nominal GDP growth rate can accelerate.

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