A Large Open Economy Model to Assess Macroeconomic Policy Performance in Japan
This paper develops and estimates a dynamic stochastic general equilibrium (DSGE) model representing several key characteristics of Japan, namely, a large open economy,
This paper develops and estimates a dynamic stochastic general equilibrium (DSGE) model representing several key characteristics of Japan, namely, a large open economy,
Special Accounts play an important role in Japan's fiscal management, providing a unique framework for earmarked funds separate from the general budget.
The Japanese economy has rebounded from deflation, with inflation expectations now anchored at higher levels.
In March, the Bank of Japan (BOJ) terminated its nearly decade-long unconventional monetary policy framework, characterized by massive asset purchases, negative interest rate, and yield curve control (YCC) policy.
Vietnam's economy faced significant challenges last year, with growth slowing to 5.1 percent due to export contraction.
The Japanese economy requires a robust upswing in wages to boost consumer spending and stimulate economic growth.
The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.
Watch the highlights of AMRO's 2023 Annual Consultation Report on Japan.
The Japanese economy is forecast to grow at a steady pace of 1.1 percent in 2024 after a strong recovery of 1.9 percent in 2023.
The Japanese economy is forecast to grow at a steady pace of 1.1 percent in 2024 after a strong recovery of 1.9 percent in 2023.The Japanese economy is forecast to grow at a steady pace of 1.1 percent in 2024 after a strong recovery of 1.9 percent in 2023.