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東京大学公共政策大学院 | GraSPP / Graduate School of Public Policy | The university of Tokyo

西沢利郎教授が寄稿した「日本は債務の夢想から目覚めるか」が東アジア・フォーラムに掲載されました 2022年08月10日(水)


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Professor Toshiro Nishizawa’s article titled “Waking up from the Japanese debt dreamwas published by East Asia Forum. 

Japan’s general government gross debt was 263% of GDP at the end of 2021. Borrowing may look affordable as long as the average yield is close to zero. However, low interest rates are no longer sustainable as Japan falls behind global monetary tightening trends. Professor Nishizawa discusses that a revitalization trial of the Japanese economy will all be an illusion without a serious discussion on debt affordability and a resolute goal for fiscal health. 

Professor Nishizawa’s research fields include financing for development, Public-Private Partnerships (PPPs), sovereign debt, and debt sustainability issues.