Japan: Selected Issues
July 19, 2011
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The Japanese Government Bond (JGB) market has been stable in Japan since the earthquake, but the factors holding down JGB yields could diminish over time. To limit these risks, fiscal policy should aim to reduce public debt quickly and lengthen maturity of JGBs. The Bank of Japan’s (BoJ) easing measures have had a significant and broad-based impact on financial markets. Policies to support employment and protect incomes have been effective, but have to be phased out and complemented with training and job search assistance programs to facilitate a smooth reallocation of labor.
Subject: Employment, Financial institutions, Government securities, Labor, Labor force, Labor markets, Monetary aggregates, Monetary policy, Money, Unconventional monetary policies
Keywords: Asset purchase program, BoJ's balance sheet, CR, easing measure, Employment, Global, Government securities, ISCR, JGB market, JGB yield, Labor force, Monetary aggregates, quantitative easing, Unconventional monetary policies, yield
Pages:
47
Volume:
2011
DOI:
Issue:
182
Series:
Country Report No. 2011/182
Stock No:
1JPNEA2011002
ISBN:
9781462329458
ISSN:
1934-7685
