Japan's low-rate policies on its government and households. Because of the duration mismatch on the government balance sheet …

fiscal surpluses in the US, the annual announcement of yet another fiscal stimulus package in Japan, and Maastricht limits on …

models. For example, switching $50 billion of sustained government spending from the United States to Japan would, in the … third year, improve the U.S. current account by $24 billion and worsen that of Japan by $20 billion. Induced changes in …

model, we find little space for "free lunch" policies for the United States in 2019, but ample space for Japan …

authority of Japan because it has accumulated the debt outstanding much more than other countries …The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt …

-2004. First, we find that the Bank of Japan's policy commitment to continuing monetary easing until some prespecified conditions … sloping, indicating that the Bank of Japan's commitment failed to have su.cient influence on the market's expectations about …

We analyze fiscal policy and fiscal sustainability in Japan using a variant of the methodology developed in Blanchard … (1990). We find that Japan can achieve fiscal sustainability over a 100-year horizon with relatively small changes in the …. This means that monetization of the debt will have little impact on Japan's fiscal sustainability because Japan's problem …

Japan are considered …

We construct quarterly series of the revenues, expenditures, and debt outstanding for Japan from 1980 to 2010, and …