This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent … improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline …

, the limited tools available to policymakers to affect savings are discussed. Finally, the extent to which recent tax …

Mexico’s policy stance has focused on balancing domestic and external conditions, supporting the recovery while …

have facilitated the maintenance of orderly economic conditions in Mexico even amidst the substantial external volatility … during the global crisis. Executive Directors welcomed the authorities’ commitment to maintain Mexico’s strong policy … Flexible Credit Line has helped Mexico to maintain confidence and also to insure against external risks while supporting a …

This paper discusses the Arrangement for Mexico Under the Flexible Credit Line (FCL) and Cancellation of the Current … Arrangement. The recent upward trend in output in Mexico is expected to continue, leading to projected growth of 4 percent for … staff assesses that Mexico meets the qualification criteria for access to FCL resources and recommends approval of an FCL …

Mexico’s strong policy framework has helped cushion the impact of the global crisis. The staff report highlights Mexico …

This paper discusses the arrangement under the Flexible Credit Line (FCL) for Mexico. Mexico has achieved a high level … also under strain in the consumer banking portfolio. The arrangement for Mexico is the first commitment under the IMF’s FCL …

. Significant progress regarding the banking safety net and evaluation of antimoney laundering practices in Mexico are under way …

Despite Mexico’s recent remarkable progress in adjusting its fiscal and external accounts and in restructuring its … economy, the recovery of growth has remained elusive. This paper reviews some aspects of Mexico’s recent performance and …