| dc.contributor.author | Miyazaki, Tomomi | |
| dc.contributor.author | Onji, Kazuki | |
| dc.date.accessioned | 2018-07-10T12:07:57Z | |
| dc.date.available | 2018-07-10T12:07:57Z | |
| dc.date.issued | 2017-10 | |
| dc.identifier.citation | Theoretical Economics Letters, 2017, 7, 1632-1645 | en_US |
| dc.identifier.issn | 2162-2086 | |
| dc.identifier.uri | https://doi.org/10.4236/tel.2017.76110 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/1763 | |
| dc.description.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. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Scientific Research | en_US |
| dc.subject | Sustainability of Government Deficit | en_US |
| dc.subject | Deficit Gamble | en_US |
| dc.subject | Tipping Point of “Crisis" | en_US |
| dc.subject | Home Bias | en_US |
| dc.subject | Coordination Problem | en_US |
| dc.title | The Sustainability of Japan’s Government Debt: A Review | en_US |
| dc.type | Article | en_US |
