In this paper, we investigate how negative interest rate policy (NIRP) introduced in January 2016 by the Bank of Japan …

The Bank of Japan has introduced various unconventional monetary policy tools since the launch of Abenomics in 2013, to … analysis (FPAS) for Japan. In the model's baseline scenario, the likelihood of the Bank of Japan reaching its 2 percent …

Three years have passed since the Bank of Japan’s asset purchase program was introduced in 2011, causing a sharp … decline in the value of the Japanese Yen. What would be the implications for Japan and Korea’s exporters if the weak Yen is … shocks. We find that if the weak Yen persists, it would strengthen Japan’s price competitiveness over time as export prices …

How does a shrinking population affect the housing market? In this study, drawing on Japan's experience, we find that … than urban areas in Japan, the on-going demographic transition in Japan could worsen regional disparities, as falling house …

patterns have evolved between 2007 and 2017. Firm exit patterns have been heavily influenced by Japan's demographic trends, as …

Productivity growth in Japan, as in most advanced economies, has moderated. This paper finds supportive evidence for … the important role of small and medium-sized enterprises (SMEs) in explaining Japan's modest productivity growth. Results …. SMEs, on average, exhibit lower productivity growth than non-SMEs in Japan, with smaller and older SMEs showing …