Japan: Spillover Report for the 2011 Article IV Consultation and Selected Issues

July 19, 2011

Preview Citation

Format: Chicago

Japan: Spillover Report for the 2011 Article IV Consultation and Selected Issues, (USA: International Monetary Fund, 2011) accessed September 18, 2024

Summary

Japan’s position is one of the largest and richest economies in the world. Tokyo as a financial marketplace is not a major intermediator of global capital flows. The current macroeconomic environment is conducive to spillovers being larger than captured by the empirical analysis. Apart from heading off tail risks, fiscal consolidation in Japan would have medium to long-term benefits for its partner countries. Exchange rate-related spillovers on foreign financial markets are found to be small and depend partly on policy developments abroad.

Subject: Exports, Financial institutions, Financial sector policy and analysis, Financial services, Fiscal consolidation, Fiscal policy, International trade, Spillovers, Stocks, Yield curve

Keywords: Asia and Pacific, Banking system, Carry trade, CR, Europe, Exchange rate, Exports, Financial market, Fiscal consolidation, Global, Interest rate, ISCR, Japan, Real GDP, Spillover issue, Spillovers, Stocks, Trade surplus, Yield curve

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/183
Stock No:

1JPNEA2011003
ISBN:

9781462328451
ISSN:

1934-7685

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