Japan: Selected Issues

Volume/Issue: Volume 2007 Issue 281
Publication date: August 2007
ISBN: 9781451820706
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , yen , bank , Japan , exchange rate , City bank , yen-dollar rate , regional bank , yen-U , S , dollar adjustment , Trust bank , yen-dollar exchange rate , Commercial banks , Information technology in revenue administration , Exchange rates , Corporate income tax , Productivity , Global , Asia and Pacific , North America , Central and Eastern Europe

Summary

This Selected Issues paper examines the factors behind the recent surge in capital flows in Japan. The paper presents econometric evidence on the influence of these capital flows on the medium-term dynamics of the yen. It finds that in the case of the yen–dollar rate, nontrade factors affecting capital flows are likely to delay the adjustment of the yen-dollar rate to its long-term equilibrium value. The paper also draws on recent international experiences and trends to identify and review some of the key tax issues and options for meeting these challenges.