Japan; Selected Issues

This Selected Issues paper focuses on Japanâ€™s public debt and the challenges facing small- and medium-size enterprises in Japan. Historically, Japanâ€™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 marketâ€™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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Year of publication:	2009-07-15
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Banks \| Bonds \| Corporate sector \| Debt management \| Financial sector \| Private investment \| Private savings \| Public debt \| Selected issues \| Spillovers \| bond \| bond yield \| primary deficit \| government bond \| fiscal deficits \| financial assets \| government bond yields \| stock of debt \| bond yields \| budget deficits \| nominal interest rate \| government bond yield \| tax increase \| fiscal consolidation \| financial institutions \| fiscal policy \| debt stock \| deposit rate \| financial market \| fiscal variables \| financial intermediation \| bond markets \| sovereign bonds \| public finances \| medium-term fiscal framework \| bond market \| sovereign bond \| fiscal sustainability \| persistent fiscal deficits \| government deficit \| bond issuances \| expansionary fiscal policy \| fiscal variable \| expansionary fiscal \| fiscal stimulus \| fiscal position \| debt service \| fiscal framework \| fiscal deficit \| financial system \| fiscal discipline \| financial economics \| government bonds \| financial reforms \| fiscal situation

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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 09/211 3 pages long
Source:	RePEc - Research Papers in Economics

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