Tackling Japan's Fiscal Challenges / Procyclicality of Financial Systems in Asia (PDF)

HENRY J. AARON Bruce and Virginia MacLaury Senior Fellow, The Brookings Institution, USA
SHUN-ICHIRO BESSHO Policy Research Institute, Ministry of Finance, Japan
ROBERT DEKLE Professor, Department of Economics, University of Southern California, USA
DANIEL CITRIN Deputy Director, Asia and Pacific Department, International Monetary Fund, USA
MASAYOSHI HAYASHI Principal Economist, Policy Research Institute, Ministry of Finance, Japan
PETER S. HELLER Deputy Director, Fiscal Affairs Department, International Monetary Fund, USA
R. GLENN HUBBARD Dean, Dean and Russell L. Carson Professor of Finance and Economics, Graduate School of Business and Professor of Economics, Columbia University, USA
TOSHIHIRO IHORI Professor, Faculty of Economics, University of Tokyo, Japan
YUTAKI IMAI WIN Advisory Group, USA
HIROMITSU ISHI Professor, Chuo University, Japan
TAKATOSHI ITO Professor, Graduate School of Business and Graduate School of Public Policy, University of Tokyo, Japan
YASUSHI IWAMOTO Professor, Department of Economics, University of Tokyo, Japan
RYUTA RAY KATO Graduate School of International Relations, International University of Japan, Japan
MASUMI KAWADE Faculty of Economics, Niigata University, Japan
LAURENCE J. KOTLIKOFF Professor of Economics, Boston University, USA
KENNETH N. KUTTNER Danforth-Lewis Professor of Economics, Economics Department, Oberlin College, USA
HOWARD OXLEY Senior Economist, Health Division, Employment and Social Affairs Directorate, OECD, France
EIJI TAJIKA Dean, Graduate School of International and Public Policy, Professor, Graduate School of Economics, Hitotsubashi University, Japan
TOSHIKI TOMITA Professor, Faculty of Law, Chuo University, Japan
ISAMU UEDA Senior Vice Minister of Finance, Ministry of Finance, Japan
DAVID E. WEINSTEIN Professor, Department of Economics, Columbia University, USA
YUJI YUI Dean, Department of Economics, Seijo University, Japan
NAOYUKI YOSHINO Professor of Economics, Keio University, Japan

"[T]he book does an excellent job of providing thoughtful analysis of some of the thorniest aspects of Japan's fiscal situation, such as the extent to which the existing debt burden may limit future policy options, the difficulties of achieving a central government surplus given the structure of intergovermental transfers, and the many unknowns plaguing efforts to predict the budgetary consequences of Japan's aging population." - Jennifer H. Dwyer, Hunter College