In this paper, we present data on trends over time in government debt financing in Japan since 2010 with emphasis on … saving) caused by population aging, will make it necessary for Japan to get its fiscal house in order. Thus, Japan’s massive …

securities, with emphasis on Japan and developing Asia. We find that foreign residents generally increased their holdings of …

Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that … their children than other peoples, suggesting that the alleged social norm of strong family ties in Japan is largely a myth …

the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan … capital has been flowing from the US and the Eurozone economies to both advanced Asia (especially Japan) and developing Asia … reasons. The main reason in the case of advanced Asia (especially Japan) appears to be higher riskadjusted returns, whereas …

In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and … until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and … persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …

In this paper, I summarize Albert Ando's seminal and ingenious work on the saving behavior of the elderly in Japan and … that the retired elderly in Japan dissave, in accordance with the life cycle hypothesis of saving, and that all of the … available data and evidence suggest that the life cycle hypothesis of saving is highly applicable in the case of Japan. …

), describe and evaluate the past and present structure of personal taxes in Japan, and based on our findings, make a number of … policy recommendations about how to reform personal taxes in Japan. We find that the structure of Japan's current consumption … improves both the efficiency and equity of Japan's personal taxes and, at the same time, achieves fiscal reconstruction. …

wealth and indebtedness for the Group of Seven (G7) countries and show that, even though household borrowings in Japan were … the highest among the G7 countries, at least until 2000, household assets were also high in Japan, as a result of which … household net worth and financial health in Japan were among the highest in the G7 countries. Turning to long-term trends in …