Japan: cut and dried
Article Abstract:
Japanese elections are scheduled for Oct 20 1996, and the election should strengthen the Liberal Democratic party. Japan faces serious fiscal problems. Spending to help offset the impact of recession during the early 1990s led to a move to lax policies from a conservative approach to public finance. Public finances will also be hit by the ageing of Japan's population. The new government is likely to raise the sales tax to 5% from 3%, but is constrained by concern over economic recovery so cannot easily carry out fiscal reforms.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Japan: no wall of money
Article Abstract:
Japanese investors are not likely to channel large amounts abroad, according to UBS Global Research. The Japanese current account surplus is diminishing while domestic demand for funds is increasing due to welfare funding needs kinked to an ageing population and the fiscal deficit. Major Japanese institutions are not enthusiastic about investing abroad. Capital outflows are likely to be reduced as the current account surplus shrinks, though capital repatriation is not likely to occur.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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