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Japan: Selected Issues

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  • International Monetary Fund

Abstract

The paper discusses the cures available for the economic malaise that can arise because nominal interest rates cannot be reduced below zero. However, a sufficiently high rate of target inflation can prevent the occurrence. The paper highlights a number of important issues in understanding the transmission of shocks between Japan and the Asia-Pacific region. Structural reforms, information technology, and medium-term growth prospects in Japan have been discussed. The paper traced some of the links between land prices and the financial sector, and economic activity.

Suggested Citation

  • International Monetary Fund, 2001. "Japan: Selected Issues," IMF Staff Country Reports 2001/220, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2001/220
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15545
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    Cited by:

    1. Crowe, Christopher & Dell’Ariccia, Giovanni & Igan, Deniz & Rabanal, Pau, 2013. "How to deal with real estate booms: Lessons from country experiences," Journal of Financial Stability, Elsevier, vol. 9(3), pages 300-319.

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