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June 22, 2016

The Rapidly Changing Nature of Japan’s Public Debt

Thomas Klitgaard and Harry Wheeler

Japan’s general government debt-to-GDP ratio is the highest of advanced economies, due in part to increased spending on social services for an aging population and a level of GDP that has not increased for two decades.

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Posted at 7:00 am in Bank Capital, Exchange Rates, Fiscal Policy, Monetary Policy | Permalink | Comments (6)

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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