IDEAS home Printed from https://ideas.repec.org/p/boj/bojrev/rev20e04.html
   My bibliography  Save this paper

Recent Issues in Capital Flows \Trends in Capital Inflows to Japan & Asia and Challenges Ahead \

Author

Listed:
  • WASHIMI Kazuaki

    (Bank of Japan)

Abstract

While international capital transactions can improve economic welfare through the efficient allocation of resources across borders, they can also lead to the destabilization of an economy due to sudden reversals of capital flows. Nevertheless, empirical analyses have shown mixed results depending on the countries and transactions on which the analyses have focused, which highlights that there are different effects depending on the type and contents of the capital transaction. This report introduces recent issues in capital flows and summarizes developments in capital inflows to Asia including Japan. From that perspective, in the medium to long term, Japan will continue to face the challenges in attracting inward FDI and maximizing spillover effects for economic growth, while emerging Asian nations need to develop domestic financial markets and manage the impact of excessive volatility of inward portfolio investments.

Suggested Citation

  • WASHIMI Kazuaki, 2020. "Recent Issues in Capital Flows \Trends in Capital Inflows to Japan & Asia and Challenges Ahead \," Bank of Japan Review Series 20-E-4, Bank of Japan.
    • Handle: RePEc:boj:bojrev:rev20e04
    as

    Download full text from publisher

    File URL: https://www.boj.or.jp/en/research/wps_rev/rev_2020/data/rev20e04.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    International Capital Flows; Foreign Direct Investment; Foreign Portfolio Investment;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:boj:bojrev:rev20e04. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bank of Japan (email available below). General contact details of provider: https://edirc.repec.org/data/bojgvjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.