This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of … generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall …, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue …

moderate. However, if Japan, a major trade partner for East Asia, is included in the union, welfare effects increase …

This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated …

materialize, the Bank of Japan (BoJ) should act swiftly through further and/or longer- dated asset purchases. Communication should … coming years with uncertain net effects—higher exports and capital outflows—in the short term. As long as Japan continues …

This Selected Issues paper examines implications for long-term bond yields in case of Japan. The analysis finds that so …