Japan's Public Sector Balance Sheet - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Japan's Public Sector Balance Sheet write by Yugo Koshima. This book was released on 2019-10-04. Japan's Public Sector Balance Sheet available in PDF, EPUB and Kindle. This paper compiles and reviews the evolution of Japan’s Public Sector Balance Sheet (PSBS). In the past, large crossholdings of assets and liabilities within the public sector played a role in sustaining a high level of public debt and low interest rates. The Fiscal Investment and Loan Fund (FILF) channeled all postal deposits and pension savings to financing of public sector borrowing. After the FILF refrom in 2000, however, the Post Bank and pension funds shifted their assets to the portfolio investments and are seeking to maximize risk-adjusted returns. This has changed the implications of crossholdings for public debt management. In the future, population aging is expected to add more pressures on the PSBS, which already saw a considerable decrease of net worth over the last three decades.
Japan's Public Sector
Japan's Public Sector - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Japan's Public Sector write by Tokue Shibata. This book was released on 1993. Japan's Public Sector available in PDF, EPUB and Kindle. An outline of how the Japanese finance of their public sector. Contributors provide details on financial administration, budget formation, taxation, and disbursement of revenue and discuss policy issues and conflict. Also examined are taxation and spending, relations between the central and local governments, and the expansion of social welfare issues.
Balance Sheet Repair and Corporate Investment in Japan
Balance Sheet Repair and Corporate Investment in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Balance Sheet Repair and Corporate Investment in Japan write by Mr.Joong Kang. This book was released on 2014-08-04. Balance Sheet Repair and Corporate Investment in Japan available in PDF, EPUB and Kindle. We trace Japanese firms’ behavior over the last decades using aggregate corporate balance sheet data. Financial health of Japanese corporate sector has improved and firms paid back significant amount of debt and rebuilt their liquidity buffers. They also expanded abroad while the pace of corporate investment moderated. Regarding the latter, model estimates on aggregate corporate investment over the post bubble period show that expectation about future profitability, in particular medium-term demand outlook, has been the major driver, implying that a successful implementation of structural reforms could have positive impact even in the near term by improving the medium-term demand outlook.
Public Sector Balance Sheet Database: Overview and Guide for Compilers and Users
Public Sector Balance Sheet Database: Overview and Guide for Compilers and Users - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Public Sector Balance Sheet Database: Overview and Guide for Compilers and Users write by Miguel A. Alves. This book was released on 2020-07-17. Public Sector Balance Sheet Database: Overview and Guide for Compilers and Users available in PDF, EPUB and Kindle. This paper provides an overview of the Public Sector Balance Sheet (PSBS) Database, a dataset developed in the context of the October 2018 Fiscal Monitor. The dataset provides a comprehensive picture of public wealth for 38 countries, and a narrower picture for further 37 countries and territories. Comprehensive PSBSs bring together all the accumulated assets and liabilities that governments control, including public corporations, natural resources, and pension liabilities. They therefore account for the entirety of what the state owns and owes, offering a broader fiscal picture beyond debt and deficits. This is particularly relevant in the current context of record and still rising debts and heightened risks to the balance sheet of the public sector. PSBSs bring about greater transparency and allow closer scrutiny of government's financial position. They also allow better balance sheet management, thereby potentially increasing return on assets, reducing risks and the costs of borrowing, and improving fiscal policymaking. The paper also elaborates on the conceptual framework and methodology used in compiling the data, and provides some practical guidelines on the compilation, validation, and dissemination of such data.
The Cost of Future Policy: Intertemporal Public Sector Balance Sheets in the G7
The Cost of Future Policy: Intertemporal Public Sector Balance Sheets in the G7 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Cost of Future Policy: Intertemporal Public Sector Balance Sheets in the G7 write by Yugo Koshima. This book was released on 2021-05-06. The Cost of Future Policy: Intertemporal Public Sector Balance Sheets in the G7 available in PDF, EPUB and Kindle. This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and examines their relationship with government borrowing costs. In 2018, all G7 countries have negative Intertemporal Net Financial Worth (INFW), falling short of their intertemporal budget constraint. A decomposition of the evolution of INFW shows that short-term fluctuations are mainly driven by fiscal policy changes, while in the long run demographic changes and health and pension obligations play a larger role. We find that on average a 10 percentage point of GDP increase in INFW reduces the (future) 10-1 year sovereign yield curve spread by 2.8 basis points. This results suggest that financial markets pay attention to governments’ future policy obligations, in addition to its current assets and liabilities.
