Japan: Selected Issues

International Monetary Fund

No 2001/220, IMF Staff Country Reports from International Monetary Fund

Abstract: The paper discusses the cures available for the economic malaise that can arise because nominal interest rates cannot be reduced below zero. However, a sufficiently high rate of target inflation can prevent the occurrence. The paper highlights a number of important issues in understanding the transmission of shocks between Japan and the Asia-Pacific region. Structural reforms, information technology, and medium-term growth prospects in Japan have been discussed. The paper traced some of the links between land prices and the financial sector, and economic activity.

Keywords: ISCR; CR; Japan; firm; real GDP; inflation target; land price; price level; venture capital; rate of inflation; price movement; Inflation targeting; Land prices; Inflation; Real interest rates; Real estate prices; Asia and Pacific; Europe; Global; East Asia (search for similar items in EconPapers)
Pages: 119
Date: 2001-12-13
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