Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the … advanced countries as well, but we find that deflation risk from aging is not inevitable as ambitious structural reforms and an …

complementary monetary policy tool to stimulate the economy and combat the risks of deflation when the policy interest rate is at …

near the zero bound by studying the experience of Japan during the ""Lost Decade"" which followed the asset-price bubble … collapse in the early 1990s. Estimation results based on a structural model suggest that the Bank of Japan's interest …

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

We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to …

States and the quantitative and qualitative easing (QQME) of Japan. Korea is an intriguing case due to its borderline … position between advanced and emerging market country groups, and the common perception that Korea competes fiercely with Japan …

This paper examines how Japan’s long-term interest rates and Japanese banks’ interest rate risk exposures may evolve … yields in Japan are determined to a large extent by growth and inflation outlook, fiscal conditions, demography, and the … increased purchases by the Bank of Japan. At the same time, illustrative scenarios suggest the interest rate risk exposure of …