Analysis of recent developments in Japan's trade practices, and attempt to assess the validity of criticism from overseas during the past decade regarding those practices. It deals with Japan's balance of payments as the macroeconomic target of overseas (OECD-) criticism, with residual import...

The Institutional View (IV) on the Liberalization and Management of Capital Flows, adopted in 2012, provides the basis for consistent advice, and where relevant, assessments on policies related to capital flows. This paper reviews the IV, informed by advances in research, notably the work on an...