Economic surveys and country surveillance - Organisation for Economic Co-operation and DevelopmentOverview |  Overview in Japanese | Data | Obtain this publication | Additional information After two severe shocks – the 2008 global financial crisis and the 2011 Great East Japan Earthquake – Japan fell into recession for the third time in five years. The public debt ratio has risen steadily for two decades, to over 200% of GDP. Strong and protracted consolidation is therefore necessary to restor
Japan is poised for expansion but must curb government debt - OECD
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