Taking Money from Babies? Assessing the Impact of Japan's Fiscal Reforms
David Weinstein - Carl S. Shoup Professor of Japanese Economy, Associate Director for Research, Center on Japanese Economy and Business, Columbia University
Monday, October 10, 2005 - 4:30pm to 6:00pm
Room 203, Henry R. Luce Hall
34 Hillhouse AvenueNew Haven, CT 6511
Japan recently instituted a comprehensive reform of its social pension system. This paper assesses how important these reforms are likely to be in resolving Japan’s fiscal woes. Professor Weinstein believes that the Koizumi reforms will be sufficient to prevent a fiscal crisis in Japan under many reasonable scenarios.