Balance Sheet Repair and Corporate Investment in Japan /

We trace Japanese firms' behavior over the last decades using aggregate corporate balance sheet data. Financial health of Japanese corporate sector has improved and firms paid back significant amount of debt and rebuilt their liquidity buffers. They also expanded abroad while the pace of corpor...

Полное описание

Библиографические подробности
Главный автор: Kang, Joong
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2014.
Серии:IMF Working Papers; Working Paper ; No. 2014/141
Online-ссылка:Full text available on IMF
LEADER 01722cas a2200241 a 4500
001 AALejournalIMF014615
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781498323628 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Kang, Joong. 
245 1 0 |a Balance Sheet Repair and Corporate Investment in Japan /  |c Joong Kang. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (21 pages) 
490 1 |a IMF Working Papers 
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 We trace Japanese firms' behavior over the last decades using aggregate corporate balance sheet data. Financial health of Japanese corporate sector has improved and firms paid back significant amount of debt and rebuilt their liquidity buffers. They also expanded abroad while the pace of corporate investment moderated. Regarding the latter, model estimates on aggregate corporate investment over the post bubble period show that expectation about future profitability, in particular medium-term demand outlook, has been the major driver, implying that a successful implementation of structural reforms could have positive impact even in the near term by improving the medium-term demand outlook. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/141 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/141/001.2014.issue-141-en.xml  |z IMF e-Library