This paper provides an in-depth review and analysis of household portfolios in Japan. (1) Using both aggregate and disaggregate data, it is shown that the shares of equities in household financial wealth have been decreasing throughout the 1990s. Stock market participations of Japanese...

Prime Minister Shinzo Abe's economic policies--dubbed Abenomics--have been successful on some but not all fronts. The Japanese government must still pursue policies to increase economic growth. This PIIE Briefing, released on the heels of Prime Minister Abe's election victory in December, calls...

Prime Minister Shinzo Abe's economic policies--dubbed Abenomics--have been successful on some but not all fronts. The Japanese government must still pursue policies to increase economic growth. This PIIE Briefing, released on the heels of Prime Minister Abe's election victory in December, calls...

Using the data from the Financial Statements Statistics of Corporations by Industry (FSSCI), we examine whether the decrease of corporate debt subsequent to the banking crisis in the late 1990s improved the efficiency of factor allocation at the microeconomic level. While the cross-sectoral...