Innovation is key to boosting economic growth in the face of a rapidly ageing population. While Japan spends heavily on …

With gross government debt of 226% of GDP, Japan’s fiscal situation is in uncharted territory and puts the economy at … risk. Japan needs a detailed and credible fiscal consolidation plan, including specific revenue increases and measures to …

Three years have passed since the Bank of Japan’s asset purchase program was introduced in 2011, causing a sharp … decline in the value of the Japanese Yen. What would be the implications for Japan and Korea’s exporters if the weak Yen is … shocks. We find that if the weak Yen persists, it would strengthen Japan’s price competitiveness over time as export prices …