This paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of …

effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …

This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets …, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity … reforms. While Korea's corporate balance sheets are stronger than Japan's in the early 1990s, Korea needs to progress with the …

Is Japan's aging and, more recently, declining population hampering growth and reflation efforts? Exploiting …

Japan's aging and shrinking population could lower the natural rate of interest and, together with low inflation … expectations, challenge the Bank of Japan's efforts to reflate the economy. This paper uses a semi-structural model to estimate the … impact of demographics on the natural rate in Japan. We find that demographic change has a significantly negative impact on …

Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages … equilibriumoverlapping generations model, specifically parameterized to match both the macroeconomic and microeconomic level data of Japan …

Japan seems to be turning less Ricardian, a trend set to continue. First, the discount wedge seems to have risen …

Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the …