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This Working Paper is a detailed assessment of Japan’s compliance with the Insurance Core Principles of the … International Association of Insurance Supervisors. The paper identifies a reduction in interest rates and equity prices as two … factors that influence the structure and functioning of the insurance market and emphasizes the important role played by the …
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This assessment of insurance supervision and regulation in Japan was carried out as part of the 2024 Financial Sector … Assessment Program (FSAP). This assessment has been made against the Insurance Core Principles (ICPs) issued by the International … Association of Insurance Supervisors (IAIS) in November 2019. The assessment includes the standards of the Common Framework for …
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This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and examines their relationship with government borrowing costs. In 2018, all G7 countries have negative Intertemporal Net Financial Worth (INFW), falling short of their intertemporal budget constraint. A...
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