Rebalancing in Japan : The Role of Private Consumption /

Boosting growth through rebalancing is critical for addressing pressures from Japan's aging population. This paper focuses on one important untapped source of growth - private consumption, and argues that the key to reviving consumption is boosting household disposable income through higher wag...

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Bibliographic Details
Main Author: Tokuoka, Kiichi
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Working Papers; Working Paper ; No. 2010/293
Online Access:Full text available on IMF
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520 3 |a Boosting growth through rebalancing is critical for addressing pressures from Japan's aging population. This paper focuses on one important untapped source of growth - private consumption, and argues that the key to reviving consumption is boosting household disposable income through higher wages, especially in services, and higher property income. The paper also suggests that the impact of higher property income on consumption could be potentially large. 
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