Annual Report on Japan' s Economy and Public Finance 2001-2002

CONTENTS

• Annual Report on Japan's Economy and Public Finance 2001-2002
• Introduction
• Chapter 1 Overview of the Capacity for Economic Recovery
  • Section 1 Background of the Bottoming out of the Economy
    • 1. Bottoming out of the Economy
    • 2. Current State of Deflation
  • Section 2 Behavior of the Corporate, Banking, and Household Sectors under Deflation
    • 1. Adjustments in the Corporate Sector
    • 2. Movement in the Banking Sector
    • 3. Household Sector
  • Section 3 Recent Development of Fiscal and Monetary Policies
    • 1. Impact of the Fiscal Structural Reform on the Macro Economy
    • 2. Macro Effects of the Quantitative Easing
  • Section 4 Future of the Economy
    • 1. The Sustainability of the Increase in Exports and Its Strength
    • 2. Outlook for the Corporate Sector
    • 3. Outlook for the Household Sector
    • 4. Outlook for Government Spending
    • 5. Outlook for General Prices/Asset Prices
• Chapter 2 The Tax System Reform for Vitalizing the Economy
  • Section 1 Burden Structure of Individual Income Tax
    • 1. Trend of Individual Income Tax System in Major Countries
    • 2. Burden Structure since the 1980s
    • 3. The Tax Burden through the Life-cycle and by Generation
    • 4. Actual State of Deductions: Issues and Analysis
  • Section 2 Burden of Corporate Income Tax
    • 1. Trend of Corporate Income Tax in Major Countries
    • 2. Current State of the Burden of Corporate Income Tax as Seen from Companies
    • 3. Current state of the Burden of Corporate Income Tax (International Comparison)
    • 4. Simulation of the impact of corporate income tax using an applied general-equilibrium model
• Chapter 3 Issues for Vitalizing Japan' s Economy
  • Section 1 Construing Concern over "Hollowing Out of Industry"
    • 1. Structural Changes in Trade
    • 2. Changes in Industrial Structure
    • 3. Dealing with Structural Changes in International Division of Labor
  • Section 2 Current Situation of Structural Adjustment and Tasks for Economic Vitalization
    • 1. Improvement of Corporate Management Efficiency
    • 2. Improvement of Labor Allocation Efficiency
    • 3. Improvement of Fund Allocation Efficiency
    • 4. Improvement of R&D Efficiency
  • Section 3 Economic Structure Outlook
    • 1. Outlook for New Economic System
    • 2. Outlook for New Economic Growth
• Conclusion
• Appended Notes
• Long-term Economic Statistics