The Sustainability of Japan’s Government Debt: A Review

Miyazaki, Tomomi; Onji, Kazuki

dc.contributor.author	Miyazaki, Tomomi
dc.contributor.author	Onji, Kazuki
dc.date.accessioned	2018-07-10T12:07:57Z
dc.date.available	2018-07-10T12:07:57Z
dc.date.issued	2017-10
dc.identifier.citation	Theoretical Economics Letters, 2017, 7, 1632-1645	en_US
dc.identifier.issn	2162-2086
dc.identifier.uri	https://doi.org/10.4236/tel.2017.76110
dc.identifier.uri	http://hdl.handle.net/123456789/1763
dc.description.abstract	This paper reviews the literature on the sustainability of Japanese government debt/deficit. First, we offer an overview of the approaches and the key findings on the sustainability analysis. Second, we introduce the arguments of Hoshi and Ito [1], which they predict that foreign investors’ share of JGBs could exceed beyond domestic ownership. Finally, we discuss the coordination problem in the JGB market based on the findings of Onji et al. [2] that examine how government withdrawal from the JGBs could roil the market.	en_US
dc.language.iso	en	en_US
dc.publisher	Scientific Research	en_US
dc.subject	Sustainability of Government Deficit	en_US
dc.subject	Deficit Gamble	en_US
dc.subject	Tipping Point of “Crisis"	en_US
dc.subject	Home Bias	en_US
dc.subject	Coordination Problem	en_US
dc.title	The Sustainability of Japan’s Government Debt: A Review	en_US
dc.type	Article	en_US