Japan: Selected Issues
- ISBN-10
- 1484386809
- ISBN-13
- 9781484386804
- Series
- Japan
- Category
- Business & Economics
- Pages
- 79
- Language
- English
- Published
- 2018-11-27
- Publisher
- International Monetary Fund
- Author
- International Monetary Fund. Asia and Pacific Dept
Description
This Selected Issues explores Japan’s experiences with past valued added tax (VAT) rate increases and discusses potential policy options to mitigate the economic impact of a third-rate increase. It assesses the impact on the Japanese economy and, where possible, provides some international context. Alongside possible mitigating policies, it also discusses the importance of policy commitment and credibility, and how they can influence the macroeconomic impact of tax rate changes. Carefully designing policy measures and communicating them clearly to the public are paramount to attenuate any negative outcomes in the short term. A simple, single-rate VAT would efficiently raise tax revenues and support the government’s objective of achieving fiscal consolidation in the medium term. Assuming underlying macroeconomic conditions are favorable, the October 2019 VAT rate increase could potentially have a smaller impact on the economy relative to that of 2014 for several reasons. In order to reduce policy uncertainty and alleviate any adverse impacts from the 2019 VAT rate increase, the authorities should clearly communicate the timing and content of associated mitigating measures.
Get the book
Other editions
-
- 2017-09-18
- 126 pages
- Paperback
- International Monetary Fund
-
- 2017-07-31
- 109 pages
- Paperback
- International Monetary Fund
-
- 2001-09-04
- 18 pages
- Paperback
- International Monetary Fund
Similar books
-
Beautiful World Japan
By Lonely PlanetDelve inside the myriad landscapes of Japan with this stunning collection of photographs and discover the nation's extraordinary diversity of places, people and experiences- from moments in awe-inspiring cities to quiet escapes in remote, ...
-
Japan and North America: The postwar
By Ellis S. Krauss, Benjamin NybladeThis collection makes available key articles on the Japan-North American relationship from the Meiji era to the present.
-
Lonely Planet Japan
By Lonely Planet, Craig McLachlan, Chris RowthornIncludes a detachable color map of Tokyo affixed to page 3 of cover.
-
Japan Rising: The Resurgence of Japanese Power and Purpose
By Kenneth PyleIn Japan Rising, renowned expert Kenneth Pyle identities the common threads that bind the divergent strategies of modern Japan, providing essential reading for anyone seeking to understand how Japan arrived at this moment -- and what to ...
-
The US-Japan Alliance in the 21st Century: A View of the History and a Rationale for its Survival
By Fumio OtaThe year 2004 marked the 150th anniversary of the signing of the first treaty of peace and amity (Treaty of Kanagawa) between the United States and Japan.
-
The Japan That Never Was: Explaining the Rise and Decline of a Misunderstood Country
By Richard, Dennis Patterson, BeasonContests conventional wisdom on Japan's postwar economic success and its economic and political problems in the 1990s, providing a new account of these conditions.
-
Multiethnic Japan
By John Lie... published in 1913 , contains recognizably Victorian poets such as John Greenleaf Whittier and Lord Tennyson . By 1987 , when the Ricks edition of The New Oxford Book of Victorian Verse appeared , we could ask , whither Whittier ?
-
Shutting Out the Sun: How Japan Created Its Own Lost Generation
By Michael ZielenzigerA journey inside modern-day Japan reveals the economic and social realities that have created a lost generation of Japanese young adults, examining the country's a high suicide rate, low birthrate, untreated cases of depression, young men ...
-
Japan and the United States: 1853-1921
By Payson Jackson TreatJapan and the United States: 1853-1921
-
The Arc of Japan's Economic Development
By Arthur AlexanderIn 1920, there were more than 2,000 banks competing for business; not only was competition intense, but the large number made government oversight, control and intervention difficult. By 1945, the number had been reduced to 69, ...