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    The Sustainability of Japan’s Government Debt: A Review

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    Date
    2017-10
    Author
    Miyazaki, Tomomi
    Onji, Kazuki
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    Abstract
    This paper reviews the literature on the sustainability of Japanese government debt/deficit. First, we offer an overview of the approaches and the key findings on the sustainability analysis. Second, we introduce the arguments of Hoshi and Ito [1], which they predict that foreign investors’ share of JGBs could exceed beyond domestic ownership. Finally, we discuss the coordination problem in the JGB market based on the findings of Onji et al. [2] that examine how government withdrawal from the JGBs could roil the market.
    URI
    https://doi.org/10.4236/tel.2017.76110
    http://hdl.handle.net/123456789/1763
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    • Business and Economics [102]

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