Yoshino, Naoyuki; Mizoguchi, Tetsuro; … - 2015
Japan's debt-to-gross domestic product (GDP) ratio is the highest among Organisation for Economic Co-operation and … Development (OECD) countries. This paper will firstly answer the question of whether Japanese government debt is sustainable. Next … constraint (namely the supply of government bonds) and does not take into account the demand for government bonds. A simple …