haku: @indexterm MEDIUM TERM PLANNING / yhteensä: 13
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| Tekijä: | Barr, A. |
| Otsikko: | Medium term prospects for the Japanese economy |
| Lehti: | Economic Outlook
1997 : AUG, VOL. 21:4, p. 12-17 |
| Asiasana: | MEDIUM TERM PLANNING FORECASTING JAPAN SERVICE AGEING POPULATION |
| Kieli: | eng |
| Tiivistelmä: | The growth of Japan's potential output is likely to fall gradually from around 2.5% to 1-1.5% in 2015 as the labor force begins to shrink over the next fifteen years. Over the next few years Japan should be able to grow faster than 2.5% as the output gap is closed. Financial and service sector deregulation could also boost growth over the next few years . Deregulation will probably push up unemployment in the short run but the low rate of growth of the labor force should limit this rise. Japan faces formidable challenges over next 25 years, not least rapid ageing and population decline and the challenge of improving service sector productivity. |
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