literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of … prevalence of bequests, bequest motives, tests of altruism, and the importance of borrowing (liquidity) constraints and show that …

Is Japan's aging and, more recently, declining population hampering growth and reflation efforts? Exploiting …

This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets …, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity … reforms. While Korea's corporate balance sheets are stronger than Japan's in the early 1990s, Korea needs to progress with the …