Japan's Foreign Assets and Liabilities : Implications for the External Accounts /

The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan's income balance with peer countries highlights: (i) relatively high yiel...

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Glavni avtor: Colacelli, Mariana
Drugi avtorji: Gautam, Deepali, Rebillard, Cyril
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2021.
Serija:IMF Working Papers; Working Paper ; No. 2021/026
Online dostop:Full text available on IMF
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100 1 |a Colacelli, Mariana. 
245 1 0 |a Japan's Foreign Assets and Liabilities :   |b Implications for the External Accounts /  |c Mariana Colacelli, Deepali Gautam, Cyril Rebillard. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (40 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 The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan's income balance with peer countries highlights: (i) relatively high yields on FDI assets, and (ii) very low FDI liabilities in Japan. Panel estimation is used to derive separate exchange rate elasticities for income credit and debit, with novel accounting that disentangles the mechanical from the economic response to exchange rate fluctuations. Despite the changing composition of Japan's current account balance, its response to exchange rate movements still operates mostly through the traditional trade channel, with a small but reinforcing contribution from the income balance. 
538 |a Mode of access: Internet 
700 1 |a Gautam, Deepali. 
700 1 |a Rebillard, Cyril. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/026 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/026/001.2021.issue-026-en.xml  |z IMF e-Library