This volume presents the third phase of the project. An analysis and country-by-country comparison of the effects of … social security incentives on retirement behavior in Belgium, Canada, Denmark, France, Germany, Italy, Japan, The Netherlands …

, highlighting the experience of Japan. By a host of criteria, Japan appeared to be in a stronger position than most countries at the …. However, Japan followed a clear international boom-and-bust pattern in terms of real output growth, credit growth and stock … macroeconomic variables and institutional characteristics. The model predicts a high probability of banking sector distress in Japan …

that Japan imports less than other countries, but also exports less than other countries. Relative to the U.S., Japanese … export performance is half as strong today as it was in the mid-1980s. Bilaterally, Japan's normalized imports from the U ….S. are greater than U.S. normalized imports from Japan …