Showing 1 - 10 of 2,543
Tonga’s economy has become increasingly vulnerable. Fiscal discipline has weakened, undermining macroeconomic stability and external viability. Medium-term prospects have deteriorated. Moreover, there are other serious downside risks to the fiscal outlook. Further monetary tightening in...
Persistent link: https://www.econbiz.de/10011244399
A common dilemma facing governments around the world is how to meet the sizeable fiscal costs of providing and maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules, budgetary reforms, tax policy and administration measures,...
Persistent link: https://www.econbiz.de/10005769217
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed an inert performance. The state’s policies have helped the flow of finance and prevent bankruptcy, but several other aspects act as an impediment to credit...
Persistent link: https://www.econbiz.de/10011244991
The paper discusses the role the financial sector can play in supporting growth in Japan. While overall credit …). Firm-level SME data and sectoral corporate balance sheets show that many SMEs have faced structural challenges of high … support measures should be phased out and SME restructuring be accelerated. Efforts are also needed to deepen capital markets …
Persistent link: https://www.econbiz.de/10010790387
This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated …
Persistent link: https://www.econbiz.de/10011244552
Health spending has risen rapidly in Japan. We find two-thirds of the spending increase over 1990–2011 resulted from … increase of 2–3 percentage points of GDP. This will require a sizable increase in government transfers. Japan can introduce …
Persistent link: https://www.econbiz.de/10011142050
This Selected Issues paper examines implications for long-term bond yields in case of Japan. The analysis finds that so …
Persistent link: https://www.econbiz.de/10011245208
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10011245893
This paper analyzes various reform options for Japan’s public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on...
Persistent link: https://www.econbiz.de/10011142039
Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the …
Persistent link: https://www.econbiz.de/10011142094