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incentive mechanism of the public pension system in Japan affecting the retirement behavior has many things in common with those …
Persistent link: https://www.econbiz.de/10012472658
This study examined the factors that affect the retirement decisions of the middle-aged and elderly in Japan, focusing … Japan--where being enrolled in the disability program is unlikely to make one a candidate for the retirement path …
Persistent link: https://www.econbiz.de/10012458663
decisions, and the tax system in the United States and Japan. To investigate this issue, we first document the stylized fact … rate is shown to contribute to a higher aggregate saving rate in Japan compared to the U.S. However, the contribution of … Japan. Finally, tax reform concerning the tax deductibility of mortgage interest payments or the tax exempt status of …
Persistent link: https://www.econbiz.de/10012476796
"Fixing" in the foreign exchange market is a market practice that determines the bid-ask-mid-point exchange rate at a scheduled time, 10am in Tokyo and 4pm in London. The fixing exchange rate is then applied to the settlement of foreign exchange transactions between banks and retail customers...
Persistent link: https://www.econbiz.de/10012455860
A first step in the 'big bang' markets was the deregulation of the foreign exchange market on April 1, 1998. This paper examines how the bid-ask spread and conditional volatility in the yen/dollar foreign exchange market changed around the time of the deregulation. Intra-day data are analyzed...
Persistent link: https://www.econbiz.de/10012471543
the U.S. and Japan were examined explicitly both with respect to possible major events behind large jumps andthe response …
Persistent link: https://www.econbiz.de/10012477223
In this paper, a vector autoregression model (VAR) is proposed in order to test uncovered interest parity (UIP) in the foreign exchange market. Consider a VAR system of the spot exchange rate (yen/dollar), the domestic (US) interest rate and the foreign (Japanese) interest rate, describing the...
Persistent link: https://www.econbiz.de/10012477593
timings and amounts for Japan, the US, and Germany. Fourth, we present the episode of international coordination represented …
Persistent link: https://www.econbiz.de/10012479168
of social security and its related programs in Japan since the 1980s. We compute the tax force to retire early, using the …
Persistent link: https://www.econbiz.de/10012480894
It has been a well-known puzzle why the yen has not been used more in trade invoicing among Japanese exporters. Despite the yen's status as an only fully convertible currency in Asia, two patterns stand out as puzzling features of an excessively small share of yen invoicing: First, a strong...
Persistent link: https://www.econbiz.de/10012462424