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With Japan’s public debt reaching historical levels, the need for fiscal consolidation and structural reforms have …
Persistent link: https://www.econbiz.de/10014403687
-term growth. In Japan, public policies can help create an environment for more effective capital formation. For Japan, reforms to …
Persistent link: https://www.econbiz.de/10014403715
Japan’s economy is gaining strength, but vulnerability to sovereign risk is rising. The new government has a greater …. Global events have focused on Japan’s fiscal problems, and raised the urgency for fiscal adjustment. Easing measures by the … Bank of Japan (BoJ) will help recovery and address the risks of deflation. The banking sector has improved, but faces a …
Persistent link: https://www.econbiz.de/10014403716
With the recent collapse of the asset price “bubble,” Japanese banks encountered significant pressure from both a sharp decline in the value of equity holdings and a marked increase in bad loans. In August 1992, the Government initiated measures that stabilized equity prices and assisted...
Persistent link: https://www.econbiz.de/10014396132
earnings at wholesale banks in Japan with a reduction in the franchise value of wholesale banking. In contrast with the …
Persistent link: https://www.econbiz.de/10014396189
When the exchange rate fluctuates and the market exhibits hysteresis, planning horizons of domestic and foreign competitors will matter in determining pass-through as well as relative market shares of these firms. Using the Cournot duopoly model, it is shown that if the foreign exporter is a...
Persistent link: https://www.econbiz.de/10014396230
in the United States and Japan. During the 1980s, these taxes encouraged capital flows to the United States both by …
Persistent link: https://www.econbiz.de/10014396441
This paper deals with hysteresis in the desired equilibrium exchange rate (DEER) arising from misalignment. When the actual real exchange rate departs from its DEER value, current account realizations--and consequently, debt service obligations--will differ from those assumed in the initial DEER...
Persistent link: https://www.econbiz.de/10014396472
, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis …
Persistent link: https://www.econbiz.de/10014396489
The factors that explain Japan’s external performance since the mid-1980s are controversial. While the current account …
Persistent link: https://www.econbiz.de/10014396520