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Sustainability of Japanese Sovereign Debt. PROF. TAKATOSHI ITO. University of Tokyo, Japan. 1. Introduction. The Japanese government debt to GDP ratio has  Japan. M t hi S t. otohiroSato. Hitotsubashi university. Fiscal consolidation in Japan. 2 (i) halve the primary fiscal deficit (about 3%) and 5% tax rate increase. Jump to. Projects & Operations; Finances; Human Capital Index; Global Economic Prospects - Forecasts; Climate. GDP (current US$). Details. 2000 Trillion 0 6 

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