 | Japan's Foreign Assets and Liabilities: Implications for the External Accounts Author/Editor: Mariana Colacelli, Deepali Gautam, Cyril Rebillard. Release Date:February, 2021 The composition of Japan’s current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A more...
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 | Productivity Drag from Small and Medium-Sized Enterprises in Japan Author/Editor: Mariana Colacelli, Gee Hee Hong. Release Date:July, 2019 Productivity growth in Japan, as in most advanced economies, has moderated. This paper finds supportive evidence for the important role of small and medium-sized enterprises (SMEs) in explaining more...
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 | Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them? Author/Editor: Mariana Colacelli, Emilio Fernández Corugedo. Release Date:November, 2018 Yes, partly. This paper studies the potential role of structural reforms in improving Japan’s outlook using the IMF’s Global Integrated Monetary and Fiscal Model (GIMF) with newly-added more...
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