Centre on Well-being, Inclusion, Sustainability and Equal Opportunity (WISE)
Measuring Progress towards Inclusive and Sustainable Growth in Japan
The report Measuring Progress towards Inclusive and Sustainable Growth in Japan is
the outcome of a collaboration with the Japanese Ministry of Economy, Trade and Industry
which aims to monitor progress in key areas crucial to realising the Japanese government’s
vision for a “New Form of Capitalism”. Building on the OECD Framework for Policy Action
on Inclusive Growth, the report includes a set of key indicators to support measures
for the government to deliver on its vision as well as inform on best practices in
other major advanced economies. A central message is that creating the equality of
opportunity in Japan requires a balanced approach of taking both efficiency and equity
concerns into account. The report presents the main dynamics for policy consideration
to strengthen sustainability of the Japanese growth model, with due attention paid
to specific issues that matter for different groups of Japanese population. Underpinned
by rigorous statistical analysis at a sufficiently disaggregated level, the report
helps to better understand some of the main drivers of well-being and economic success
in Japan.