Rebalancing in Japan : The Role of Private Consumption ISBN: 9781455270033 Platform/Publisher: Ebook Central / International Monetary Fund Digital rights:Users: Unlimited; Printing: Limited; Download: 7 Days at a Time Subjects: History; Business/ Management;
Boosting growth through rebalancing is critical for addressing pressures from Japan's aging population. This paper focuses on one important untapped source of growth - private consumption, and argues that the key to reviving consumption is boosting household disposable income through higher wages, especially in services, and higher property income. The paper also suggests that the impact of higher property income on consumption could be potentially large.