Seminar -The Japanese government debt: A review of the situation and debates

Japanese government debt is alarmingly high and many studies suggest it is unsustainable. Despite this, yields on Japanese Government Bonds (JGB) remain very low, as if to indicate that JGB buyers are not concerned about default risks in the near future.In this seminar Dr Kazuki Onji will provide a review of analyses on the sustainability of the Japanese government debt. He will examine a variety of approaches taken to deal with the debt and consider the performance of various projections from
earlier studies. The presentation will then consider events that would increase JGB yields and possibly trigger a sovereign debt crisis in Japan.

Dr Kazuki Onji is an Associate Professor at the Graduate School of Economics at Osaka University. Previously he was a Lecturer at the Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University. His current research interest is on fiscal policy in Japan, with an emphasis on corporate taxation. His research papers have been published in the Journal of Public Economics, BE Journal of Economic Analysis & Policy (Advances), Journal of the Japanese and International Economies, and Small Business Economics.

This seminar is presented by the Australia-Japan Research Centre at Crawford School of Public Policy at The
Australian National University.

Further information about the Australia-Japan Research Centre: crawford.anu.edu.au/research_units/ajrc/

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