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Understanding the Last Three Decades of Japanese Fiscal Policy

Author: Jacques Quass de Vos It is no secret that Japan has the highest debt-to-GDP ratio globally, clocking in at 258.2% according to the April 2023 World Economic Outlook[1]. Sources: Data from International Monetary Fund (World Economic Outlook, 2023). Japan’s General Government Gross Debt (% of GDP). Graph by Jacques Quass de Vos. Since the…