This paper examines the effects of quantitative easing implemented by the Bank of Japan (BoJ) since early 2001, looking …

Boosting growth through rebalancing is critical for addressing pressures from Japan’s aging population. This paper …

As labor input in Japan shrinks with population aging, capital accumulation and productivity gains will drive growth …

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by … international standards and small relative to the large output shock. This paper explores Japan’s cyclical labor market response to …

This paper uses a vector autoregression (VAR) approach to identify the driving forces of the growth slowdown in Japan … do not support the counterfactual conjecture that activity in Japan would have been significantly weaker in the absence …

Using data from the US, UK, Japan and Canada, this paper provides evidence on the benefits to an economy from …

This 2008 Article IV Consultation highlights that Japan’s external position remains strong. The current account surplus … the increased amounts and frequency of the Bank of Japan’s (BoJ) liquidity operations. The near-term economic outlook is …

The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan … assess the impact of aging on Japan''s government finances; and (ii) compare fiscal policy options with respect to their … implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis …