- Tamim Bayoumi, Guy Meredith, and Bijan Aghevli
- Published Date:
- June 1998
This volume is based on a seminar on structural change in Japan held in early 1997 and chaired by the IMFs First Deputy Managing Director, Stanley Fischer. The seminar provided a forum for IMF staff to discuss their views on the Japanese economy with a distinguished list of outside experts. Discussion of the day-to-day management of the standard levers of fiscal and monetary policy is interlinked with consideration for the more deep-seated structural issues.
How will future trends affect the yen and Japan’s current account?
What motivates Japanese foreign direct investment flows to its Asian partners?
How useful are standard indicators for monetary policy?
What can be done to improve the fiscal system?
By shifting and destabilizing the underlying economic relationships and creating uncertainty, structural change complicates the task of policy analysis. This volume describes how the IMF is responding to these challenges and how outside experts assess this effort.
Structural Change in Japan
Macroeconomic Impact and Policy Challenges