Japan: Selected Issues

International Monetary Fund

No 2007/281, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines the factors behind the recent surge in capital flows in Japan. The paper presents econometric evidence on the influence of these capital flows on the medium-term dynamics of the yen. It finds that in the case of the yen–dollar rate, nontrade factors affecting capital flows are likely to delay the adjustment of the yen-dollar rate to its long-term equilibrium value. The paper also draws on recent international experiences and trends to identify and review some of the key tax issues and options for meeting these challenges.

Keywords: ISCR; CR; yen; bank; Japan; exchange rate; City bank; yen-dollar rate; regional bank; yen-U.S. dollar adjustment; Trust bank; yen-dollar exchange rate; Commercial banks; Information technology in revenue administration; Exchange rates; Corporate income tax; Productivity; Global; Asia and Pacific; North America; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 93
Date: 2007-08-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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