This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent …

flows. The purpose of this paper is to examine whether the tax reform proposed recently in Japan satisfies the above … principles, in particular, efficiency and equity, and to investigate the effects not only on the real economy in Japan, but also … on capital outflows from Japan to abroad. Also, the aging problem is examined briefly …

earnings at wholesale banks in Japan with a reduction in the franchise value of wholesale banking. In contrast with the …

Japan’s position is one of the largest and richest economies in the world. Tokyo as a financial marketplace is not a … than captured by the empirical analysis. Apart from heading off tail risks, fiscal consolidation in Japan would have medium …

This paper examines external adjustment in the U.S., Japan and Germany from the perspective of net foreign asset …

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