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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Sonraí bibleagrafaíochta
Údar corparáideach: International Monetary Fund. Asia and Pacific Dept
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2013.
Sraith:IMF Staff Country Reports; Country Report ; No. 2013/254
Rochtain ar líne:Full text available on IMF
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110 2 |a International Monetary Fund.  |b Asia and Pacific Dept. 
245 1 0 |a Japan :   |b Selected Issues. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (61 pages) 
490 1 |a IMF Staff Country Reports 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2013/254 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/002/2013/254/002.2013.issue-254-en.xml  |z IMF e-Library