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Japan: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper focuses on Japan’s public debt and the challenges facing small- and medium-size enterprises in Japan. Historically, Japan’s public debt has been financed in a fairly smooth manner. The large pool of household savings and the stable domestic institutional investor base appear to have contributed to this successful experience. However, Japan is already undergoing rapid population aging, which will likely limit the market’s future absorptive capacity of public debt. In addition, structural shifts in institutional investors could also serve to reduce market demand.

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  • International Monetary Fund, 2009. "Japan: Selected Issues," IMF Staff Country Reports 2009/211, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/211
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    References listed on IDEAS

    as
    1. Christian Upper, 2007. "Using counterfactual simulations to assess the danger of contagion in interbank markets," BIS Working Papers 234, Bank for International Settlements.
    2. Upper, Christian & Worms, Andreas, 2004. "Estimating bilateral exposures in the German interbank market: Is there a danger of contagion?," European Economic Review, Elsevier, vol. 48(4), pages 827-849, August.
    3. Furfine, Craig H, 2003. "Interbank Exposures: Quantifying the Risk of Contagion," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(1), pages 111-128, February.
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    Cited by:

    1. Mr. Murtaza H Syed & Ms. Jinsook Lee, 2010. "Japan’s Quest for Growth: Exploring the Role of Capital and innovation," IMF Working Papers 2010/294, International Monetary Fund.
    2. Takeo Hoshi & Takatoshi Ito, 2012. "Defying Gravity: How Long Will Japanese Government Bond Prices Remain High?," NBER Working Papers 18287, National Bureau of Economic Research, Inc.
    3. Mr. Waikei R Lam & Mr. Jongsoon Shin, 2012. "What Role Can Financial Policies Play in Revitalizing SMEs in Japan?," IMF Working Papers 2012/291, International Monetary Fund.
    4. Mr. Chad Steinberg & Mr. Masato Nakane, 2011. "To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession," IMF Working Papers 2011/015, International Monetary Fund.

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