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 …

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 …

A surge of exports in the 2000s helped Japan exit the severe decade-long stagnation known as the lost decade. Using … supply factors such as productivity gains, materialized after long-fought restructuring efforts during the lost decade …

Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries …. This paper suggests that Japan''s dualities between regular and ""nonregular"" labor market contracts and the relatively … felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment …

This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of … the United States, the euro area, and Japan in the emergence and evolution of today''s global trade imbalances. Simulation … 1999, as well as account for some the surpluses in the euro area and Japan. Differences in TFP developments across sectors …

applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual … Japanese firms. Given the estimated distribution of productivity across firms, the paper simulates the effect of optimal …

imbalance with only limited spillovers to the rest of the world. Specifically, faster productivity growth would help lower Japan …Japan is facing a sizable fiscal imbalance against a backdrop of weak trend growth and growing external imbalances in … the world economy. This paper examines the possible impact of fiscal adjustment and productivity-enhancing structural …

A surge of exports in the 2000s helped Japan exit the severe decade-long stagnation known as the lost decade. Using … supply factors such as productivity gains, materialized after long-fought restructuring efforts during the lost decade …

Is Japan's aging and, more recently, declining population hampering growth and reflation efforts? Exploiting … had a significant negative impact on total factor productivity. Moreover, prefectures that aged at a faster pace … give strong support to the notion that demographic headwinds can have a non-trivial impact on total factor productivity and …