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Interesting "Mini" White Paper on Japan's Finances 1990-2011


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2012 Dec 4, 11:40am   544 views  0 comments

by Bellingham Bill   ➕follow (2)   💰tip   ignore  

http://www.mof.go.jp/english/budget/budget/fy2012/e20111224c.pdf

Page 2 shows that their much-maligned "stimulus bonds" have been a total of ¥63T, about $600B over 20 years. Japan's dominant government expense has been its social spending.

Page 3 shows government revenue has fallen from ¥58T (~$580B) in 1990 to ¥40T ($400B) in 2011, while social spending has almost tripled, from 1/6th the budget to 3/10s.

US tax receipts have more than doubled since 1990:

http://research.stlouisfed.org/fred2/series/FGRECPT

As percent of GDP:

http://research.stlouisfed.org/fred2/graph/?g=duk

here's a chart of US & Japan real GDP:

http://research.stlouisfed.org/fred2/graph/?g=duj

(2010 $ for Japan and 2005 $ for US, but close enough)

showing Japan's economy has been totally flat since 1990 (!)

PP 4-6 is an interesting dashboard of Japan & the rest of OECD spending over time.

The rest of the paper isn't that interesting I guess.

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