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An introduction to the Japanese economy -- Historical background of the Japanese economy -- Economic growth -- Business cycles, and a boom and bust -- Financial markets and supervision -- Monetary policy -- Public finance -- Saving, demography, and social security -- Industrial structure -- The...
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type="main" xml:id="ecop12023-abs-0001" <title type="main">Summary</title> <p>Japan has the highest debt to GDP ratio among advanced countries, and many studies find that the current fiscal regime of Japan is not sustainable. Yet, the Japanese government bond continues to enjoy low and stable interest rates. The most...</p>
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