1 “...Japan is facing a sizable fiscal imbalance against a backdrop of weak trend growth and growing...”

2 “... the impact of fiscal adjustment on the United States, Europe and Japan allowing for fiscal multipliers...”

3 “... and nontradable sectors of the United States, the euro area, and Japan in the emergence and evolution of today...”

4 “... of such transition over the next 80 years for Japan, the United States, other industrial countries...”