Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 1283563630
9781283563635
1451985207
9781451985207
9781451962260
1451962266
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| ISSN: | 2227-8885
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| Notes: | Title from PDF title page (IMF Web site, viewed Jan. 29, 2010).
At head of title: Asia and Pacific Department.
"January 2010."
Includes bibliographical references (pages 22-24).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2011 HathiTrust Digital Library committed to preserve
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| Summary: | Despite the rapid rise in public debt and large fiscal deficits, Japanese Government Bond (JGB) yields have remained fairly stable. Possible factors include: Japan's sizable pool of household savings, presence of large and stable institutional investors, and strong home bias. These factors are likely to persist for some time, but going forward, the market's capacity to absorb debt is likely to diminish, as population aging reduces savings inflows and financial reforms enhance risk appetite. This could in turn strengthen the link between JGB yields and the stock of public debt. In light of these structural changes in the market, fiscal consolidation will be key for maintaining market stability.
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| Other form: | Online version: Tokuoka, Kiichi. Outlook for financing Japan's public debt. [Washington, D.C.] : International Monetary Fund, ©2010
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| Standard no.: | 10.5089/9781451985207.001
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