Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Portfolio Rebalancing in Japan PDF full book. Access full book title Portfolio Rebalancing in Japan by Mr.Serkan Arslanalp. Download full books in PDF and EPUB format.
Author: Mr.Serkan Arslanalp Publisher: International Monetary Fund ISBN: 1513560220 Category : Business & Economics Languages : en Pages : 22
Book Description
Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic rebalancing scenario, which suggests that the BoJ may need to taper its JGB purchases in 2017 or 2018, given collateral needs of banks, asset-liability management constraints of insurers, and announced asset allocation targets of major pension funds. Nonetheless, the BoJ could deliver continued monetary stimulus by extending the maturity of its JGB purchases or by scaling up private asset purchases. We quantify the impact of rebalancing on capital outflows and discuss JGB market signals that can be indicative of limits being within reach.
Author: Mr.Serkan Arslanalp Publisher: International Monetary Fund ISBN: 1513560220 Category : Business & Economics Languages : en Pages : 22
Book Description
Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic rebalancing scenario, which suggests that the BoJ may need to taper its JGB purchases in 2017 or 2018, given collateral needs of banks, asset-liability management constraints of insurers, and announced asset allocation targets of major pension funds. Nonetheless, the BoJ could deliver continued monetary stimulus by extending the maturity of its JGB purchases or by scaling up private asset purchases. We quantify the impact of rebalancing on capital outflows and discuss JGB market signals that can be indicative of limits being within reach.
Author: Kiichi Tokuoka Publisher: International Monetary Fund ISBN: 1455211745 Category : Business & Economics Languages : en Pages : 23
Book Description
Boosting growth through rebalancing is critical for addressing pressures from Japan’s aging population. This paper focuses on one important untapped source of growth - private consumption, and argues that the key to reviving consumption is boosting household disposable income through higher wages, especially in services, and higher property income. The paper also suggests that the impact of higher property income on consumption could be potentially large.
Author: Barry P. Bosworth Publisher: Brookings Institution Press ISBN: 0815722613 Category : Business & Economics Languages : en Pages : 283
Book Description
A Brookings Institution Press and Asian Development Bank Institute publication Persistently large external imbalances in the world economy contributed to the outbreak of the recent financial crisis. The current account imbalances were particularly severe among the economies that border on the Pacific—the United States ran large deficits, with offsetting surpluses in East Asia. The depth and breadth of the global recession also demonstrated the need for a coordination of national policies to achieve a sustained recovery. While the magnitude of global-trade disruption led to some reduction in the size of the imbalances, closer examination suggests that the progress may prove temporary. On the other hand, significant changes in the underlying patterns of saving and investment suggest that some of the recent rebalancing may prove to be more permanent. Are such imbalances really a problem? If so, why and for whom? What should be done about them—if anything—and what does the future likely hold for transpacific trade relations? In this timely book, Asian and American economists explore those important questions. Copublished with the Asian Development Bank Institute, Transpacific Rebalancing is coedited by Barry Bosworth—long one of the Brookings Institution's leading economic analysts—and Masahiro Kawai, dean of the ADBI. They brought together leading economists from either side of the Pacific to analyze such issues as: • The impact of exchange rates • The policy choices facing the "Asian tigers" • The specifics and effects of trade imbalances in specific countries including the United States, South Korea, Thailand, India, and China Contributors include Hwee Kwan Chow, Susan M. Collins, Barry Eichengreen, Joonkyung Ha, Yping Huang, Ginalyn Komoto, Jong-Wha Lee, Rajiv Kumar, Deunden Nikomborirak, Gisela Rua, Lea Sumulong, Chalongphob Sussankam, Kunyu Tao, Willem Thorbecke, and Pankaj Vashisht.
Author: Shinhua Liu Publisher: ISBN: Category : Languages : en Pages :
Book Description
This study investigates the Nikkei 225 rebalancing. Unlike those for changes in the Samp;P 500, the price effects are permanent for both additions and deletions despite significant price reversals around both the announcement and effective days. The permanent price effects are shown to be consistent with the imperfect substitute hypothesis. Furthermore, the 'arbitrage game', as documented for the Samp;P additions, is played with both the Nikkei 225 additions and deletions. Lastly, consistent with its higher popularity, the Nikkei 225 changes induce more pronounced price and volume effects, more arbitrage trading, but less long-term volume effects than the Nikkei 500 reshuffles.
Author: David W.F. Huang Publisher: Springer ISBN: 1349934534 Category : Political Science Languages : en Pages : 280
Book Description
This book examines the success of the US rebalancing (or pivot) strategy towards Asia, placing the US pivot in a historical context while highlighting its policy content and management dilemmas. Further, the contributors discuss the challenges and opportunities that each regional state confronts in responding to the US rebalancing strategy. In 2011, President Barack Obama laid out the framework for a strategic pivot of US policy towards the Asia Pacific region. Writers in this volume focus specifically on Asian perception of the strategy. Among the topics they explore are: China’s desire to be seen as equal to the US while maintaining foreign policy initiatives independent of the US strategic rebalance; the strengthening of Japan’s alliance with the US through its security policies; the use of US-China competition by South Korea to negotiate its influence in the region; and Australia’s embrace of the strategy as a result of foreign direct investment that provides economic benefits to the country.
Author: John Creighton Campbell Publisher: Cambridge University Press ISBN: 9780521065054 Category : Political Science Languages : en Pages : 0
Book Description
Compared to the rest of the world, Japan has a healthy population but pays relatively little for medical care. Taking a comparative perspective, the authors describe the politics of health care in Japan, the variety of providers, the universal health insurance system, and how the fee schedule constrains costs. Special attention is paid to issues of quality, to the difficult problems of assuring adequate high-tech medicine and long-term care, and to possible lessons for the United States.
Author: Mr.Serkan Arslanalp
Author: Mr.Serkan Arslanalp
Author: Kiichi Tokuoka
Author: Serkan Arslanalp
Author: Tomoyuki Fukumoto
Author: Barry P. Bosworth
Author: Yutaka Kōsai
Author: Milton Ezrati
Author: Shinhua Liu
Author: David W.F. Huang
Author: John Creighton Campbell