Documents on Japan's economic structural adjustment

In: Economic Policy Series, 3

Abstract

Japan is today posting large current account surpluses, and there are signs of intensifying economic friction with other countries. This imbalance cannot be allowed to continue, either for the Japanese economy itself or for the harmonious development of the world economy. The situation having arisen in an interdependent world economy, Japanese policy responses alone cannot rectify this imbalance. International policy coordination is also needed, including reductions in the United States fiscal deficit. (DÜI-Sbt)