OECD: Japan’s stimulus package will boost strength of economic recovery

While expressing his take on the Japanese economy, OECD Secretary-General Mathias Cormann said that he believes Japan’s stimulus package will boost the strength of the economic recovery, but design and implementation will be important.

Additional takeaways

Japan is in a comparatively challenging position when it comes to the debt-to-GDP ratio.

Japan’s debt-to-GDP ratio is too high.

Important to boost economic growth to increase govt revenue, improve public service productivity to address fiscal consolidation.

The best way to reduce the debt-to-GDP ratio is to strengthen the growth of the economy.

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