Japan : Selected Issues.

This Selected Issues paper examines implications for long-term bond yields in case of Japan. The analysis finds that so far, upward pressure on interest rates from high public debt has been offset by domestic factors, including a stable investor base with a preference for safe assets. As these effec...

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Bibliografski detalji
Autor kompanije: International Monetary Fund. Asia and Pacific Dept
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2013.
Serija:IMF Staff Country Reports; Country Report ; No. 2013/254
Online pristup:Full text available on IMF
Opis
Sažetak:This Selected Issues paper examines implications for long-term bond yields in case of Japan. The analysis finds that so far, upward pressure on interest rates from high public debt has been offset by domestic factors, including a stable investor base with a preference for safe assets. As these effects could decline with population aging, yields could rise unless reforms are implemented to stimulate growth and reduce the public debt-to-GDP ratio. In such a scenario, long-term Japanese government bond rates would remain relatively low and stable. The paper also analyzes to what extent rising health care spending poses a fiscal risk to Japan's economy.
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Opis:1 online resource (61 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Pristup:Electronic access restricted to authorized BRAC University faculty, staff and students