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 …

Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic …

role that key characteristics of Japan's labor and product markets-labor-market duality and weak corporate governance … reforms may contribute to Japan's short-run goal of reflating the economy. It finds that boosting inflation with structural …

States, the United Kingdom, Euro area and Japan- the Systemic Four-on global monetary and liquidity conditions. Overall, the … countries on these conditions in other countries. UMPMs of the Bank of Japan have positive association with global liquidity but …

Japan has ambitious economic goals: 3 percent nominal growth; 2 percent inflation; and a primary budget surplus …

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