Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term 'Japanization' is often used by economists to describe long-term stagnation and deflation. Symptoms include...

Asia is aging, although there is significant heterogeneity across subregions and economies. Population aging poses two strategic challenges for the region: sustaining economic growth and delivering old-age economic security. In this paper, we leverage the lifecycle perspective-that individuals'...

The population of developing Asia, in particular East Asia, is aging. Funding the needs of its growing population of older adults is the biggest socioeconomic challenge that aging presents for the region. The central objective of our paper is to analyze empirically how individuals fund their...