Japan : Selected Issues.

The paper discusses the cures available for the economic malaise that can arise because nominal interest rates cannot be reduced below zero. However, a sufficiently high rate of target inflation can prevent the occurrence. The paper highlights a number of important issues in understanding the transm...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Staff Country Reports; Country Report ; No. 2001/220
Online Access:Full text available on IMF
Description
Summary:The paper discusses the cures available for the economic malaise that can arise because nominal interest rates cannot be reduced below zero. However, a sufficiently high rate of target inflation can prevent the occurrence. The paper highlights a number of important issues in understanding the transmission of shocks between Japan and the Asia-Pacific region. Structural reforms, information technology, and medium-term growth prospects in Japan have been discussed. The paper traced some of the links between land prices and the financial sector, and economic activity.
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Physical Description:1 online resource (119 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students