Japan [electronic resource] : Selected Issues.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 11/182Publication details: Washington, D.C. : International Monetary Fund, 2011Description: 1 online resource (47 p.)ISBN: 1462329454 :ISSN: 1934-7685Subject(s): Bond Portfolios | Bond | Capital Losses | Government Securities | JapanAdditional physical formats: Print Version:: Japan : Selected IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
Description based on print version record.
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