Summary: The Japanese government will spend 1 trillion yen, $8.3 billion, to stimulate economic growth in the remaining fiscal year. ... Analysts say that the plans will do little to turn around an economy that is expected to shrink by 1.5 percent in the current fiscal year, which ends March 31, 2002. ... Unfortunately, the Japanese do not believe they have the political ability to allow the short-run social instability that would result from these kinds of policies, so the Japanese economy remains mired in the problems of its past. ...

• Word Count: 473
• Approx Pages: 2

The Need to Raise Public Savings There has been some weakening of the region's fiscal position from modest deficits of about 1 per cent of GDP in 1992﷓96 to deficits of about 2 per cent of GDP in the past 2 years for the region as a whole. ... Fiscal strengthening is required to hold close the gap created by declining aid flows. ... The region's tradition of macroeconomic stability In a globalised world where market anxieties can spread quickly from one country to another, thus exposing underlying weaknesses and policy inconsistencies, sound prudent macroeconomic man...

• Word Count: 673
• Approx Pages: 3
• Grade Level: Undergraduate