Japan; Selected Issues

This Selected Issues paper discusses the impact of global financial turmoil on Japan. It describes how close integration in global financial markets has deepened and expanded the channels for spillovers. The paper discusses options for increasing the consumption tax to finance the public pension system. It explains that while parametric reforms have reduced fiscal pressures, the basic pension is becoming a less adequate safety net for the retired. The paper also attempts to explain the declining share of labor income.

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Year of publication:	2008-07-29
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Consumption taxes \| Credit risk \| Economic reforms \| Labor markets \| Privatization \| Risk management \| Selected issues \| Spillovers \| securitization \| financial markets \| financial system \| financial stability \| bond \| spcs \| financial institutions \| financial services \| bonds \| bond spreads \| hedge funds \| hedging \| credit rating \| financial sector \| money markets \| securities firms \| hedge \| stock market capitalization \| denominated bonds \| corporate bond \| minimum capital requirement \| capital requirement \| money market \| bond market \| derivatives market \| stock market \| securities dealers \| securities commissions \| capital adequacy ratio \| credit rating agencies \| capital base \| financial globalization \| capital adequacy \| hedges \| risk capital \| domestic money markets \| subsidiaries \| working capital \| bond market development \| international banks \| bond issuances \| international standards \| liquidity funding \| corporate bond issuances \| special purpose companies \| cash bond market \| securities companies \| equity prices \| financial systems \| equity market \| credit market

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/254 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243246