Japan : Financial Sector Assessment Program-Technical Note-Long-Term Challenges for Financial Intermediation

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

September 18, 2017

Electronic Access:

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Summary:

Sustained demographic change can have potentially significant effects on the economy and the financial system. Aging can affect financial intermediation through its effects on potential growth, on the term structure of interest rates and risk premiums in general, and on the demand for retirement-related products and services. At the same time, in an aging society, the financial sector has a particularly important role to play in helping to foster growth and productivity. This note analyzes and quantifies the effect of aging in Japan—both at the national and regional levels—on the nature of financial intermediation and concludes that the relative role of banks is likely to diminish.

Series:

Country Report No. 17/283

Subject:

English

Publication Date:

September 18, 2017

ISBN/ISSN:

9781484319741/1934-7685

Stock No:

1JPNEA2017006

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

57

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