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150128 ||| eng |
020 |
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|a 9781475563795
|
245 |
0 |
0 |
|a Japan
|b Selected Issues
|
260 |
|
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|a Washington, D.C.
|b International Monetary Fund
|c 2013
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300 |
|
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|a 61 pages
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651 |
|
4 |
|a Japan
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653 |
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|a Interest rates
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653 |
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|a Public debt
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653 |
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|a Economics of the Handicapped
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653 |
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|a Banks
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653 |
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|a Finance
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653 |
|
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|a Labour; income economics
|
653 |
|
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|a Public finance & taxation
|
653 |
|
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|a Banks and banking
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653 |
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|a Employment protection
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653 |
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|a Financial services
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653 |
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|a Debts, Public
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653 |
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|a Labor markets
|
653 |
|
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|a Mortgages
|
653 |
|
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|a Aging
|
653 |
|
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|a Economics of the Elderly
|
653 |
|
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|a Labor
|
653 |
|
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|a Population and demographics
|
653 |
|
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|a Demography
|
653 |
|
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|a Macroeconomics
|
653 |
|
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|a Banking
|
653 |
|
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|a Population & demography
|
653 |
|
|
|a Depository Institutions
|
653 |
|
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|a Non-labor Market Discrimination
|
653 |
|
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|a Debt Management
|
653 |
|
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|a Micro Finance Institutions
|
653 |
|
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|a Debt
|
653 |
|
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|a Labor Contracts
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653 |
|
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|a Demand and Supply of Labor: General
|
653 |
|
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|a Population aging
|
653 |
|
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|a Sovereign Debt
|
653 |
|
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|a Manpower policy
|
653 |
|
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|a Banks and Banking
|
653 |
|
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|a Labor market
|
653 |
|
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|a Interest Rates: Determination, Term Structure, and Effects
|
653 |
|
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|a Long term interest rates
|
653 |
|
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|a Public Finance
|
710 |
2 |
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|a International Monetary Fund
|b Asia and Pacific Dept
|
041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
989 |
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|b IMF
|a International Monetary Fund
|
490 |
0 |
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|a IMF Staff Country Reports
|
028 |
5 |
0 |
|a 10.5089/9781475563795.002
|
856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/2013/254/002.2013.issue-254-en.xml?cid=40857-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
0 |
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|a 330
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520 |
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|a This Selected Issues paper examines implications for long-term bond yields in case of Japan. The analysis finds that so far, upward pressure on interest rates from high public debt has been offset by domestic factors, including a stable investor base with a preference for safe assets. As these effects could decline with population aging, yields could rise unless reforms are implemented to stimulate growth and reduce the public debt-to-GDP ratio. In such a scenario, long-term Japanese government bond rates would remain relatively low and stable. The paper also analyzes to what extent rising health care spending poses a fiscal risk to Japan’s economy
|