This Selected Issues paper discusses the impact of global financial turmoil on Japan. It describes how close …

This paper examines external adjustment in the United States, Japan and Germany from the perspective of net foreign …

Japan is facing a sizable fiscal imbalance against a backdrop of weak trend growth and growing external imbalances in … reforms on the Japanese and world economies. Simulation results indicate that these could reduce substantially Japan''s fiscal … imbalance with only limited spillovers to the rest of the world. Specifically, faster productivity growth would help lower Japan …

implications for Japan and Asia of several shocks to the Japanese economy. The results suggest that, while fiscal consolidation in … Japan would initially dampen domestic growth, over the medium term the impact on both the domestic and regional economies … would be positive. Quantitative monetary easing in Japan would boost domestic activity in the short-run, while being …

the United States, Germany and Japan is not inconsistent with exchange rate volatility implied by consumption …

This paper assesses the sustainability of Japan’s fiscal position. The simulations indicate that, even if the …

flows. Using postwar data for the United States and Japan, cointegration analysis supports the finding that the structural …

also uses actual trade data between Japan and Indonesia and between Japan and Korea …