Japan: Selected Issues
December 13, 2001
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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.
Subject: Financial services, Inflation, Inflation targeting, Land prices, Monetary policy, Prices, Productivity, Real estate prices, Real interest rates
Keywords: Asia and Pacific, CR, East Asia, Europe, firm, Global, Inflation, inflation target, Inflation targeting, ISCR, Japan, land price, Land prices, price level, price movement, rate of inflation, Real estate prices, real GDP, Real interest rates, venture capital
Pages:
119
Volume:
2001
DOI:
Issue:
220
Series:
Country Report No. 2001/220
Stock No:
1JPNEA0032001
ISBN:
9781451820607
ISSN:
1934-7685
