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November 09, 2017

Advance Planning for Fiscal Insolvency

With a fiscal deficit more than twice its gross domestic product and a rapidly aging society, Japan needs a Plan ...

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July 31, 2017

Writing Fiscal Responsibility into the Social Contract

As the Abe cabinet eyes corporate-level reforms to spur growth, economist Keiichiro Kobayashi suggests that the real source of Japan’s ...

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May 01, 2017

Tapping into Senior Power
A More Balanced Approach to Fiscal Sustainability

An economist and social security expert questions the economic orthodoxy of boosting taxes and cutting benefits as the key to ...

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December 25, 2014

Japan’s Thorny Path to Fiscal Consolidation

Although Prime Minister Abe’s decision to postpone the planned hike in the consumption tax was popular with voters, resulting in ...

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October 01, 2013

The Myth of China’s Financial Time Bomb

The role of China’s “shadow banking” sector in financing extravagant local development projects has led financial pundits to warn of ...

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September 26, 2012

Emergency Planning for a Fiscal Meltdown

While experts differ sharply as to the risk of a Japanese debt crisis, the authors of this article point to ...

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March 08, 2012

Democracy on Trial: The Challenge of Fiscal Reform

With his plan to raise the consumption tax to cover Japan’s soaring social-security costs, Prime Minister Noda is facing up ...

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February 14, 2012

A Rubric for Comprehensive Tax Reform

There is more to tax reform than consumption tax hikes, although one would never know it from the commentary the ...

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August 09, 2011

President Obama’s Debt Deal

Standard and Poor’s decision to downgrade America’s long-term sovereign debt rating seems premature. It is easy to understand the firm’s ...

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June 09, 2011

Straight Talk on Disaster Recovery

Rebuilding from the Great East Japan Earthquake is a daunting task, but funding should not be a major problem—as long ...

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