Fiscal limits and sovereign default risk in Japan

Matsuoka, Hideaki

doi:10.1016/j.jjie.2015.05.003

Cited by 8 publications

(3 citation statements)

References 28 publications

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“…Hoshi and Ito's [1] analysis is not based on the micro foundation macroeconomic model, and it does not capture the behavior of each economic 9 Matsuoka [32] examines the "fiscal limit"-the point beyond which taxes and government expenditures can no longer adjust to stabilize the value of government debt-in the Japanese economy. However, since Matsuoka [32] does not model the monetary policy authority, his framework does not necessarily deal with the interaction between monetary and fiscal policy in the context of FTPL. Researchers are urged to examine and make an inference on how this affects the JGB market using some micro foundation macroeconomic models.…”

Section: Conclusion and Discussionmentioning

confidence: 99%

The Sustainability of Japan’s Government Debt: A Review

Miyazaki¹,

Onji²

2017

TEL

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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.

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Section: Conclusion and Discussionmentioning

confidence: 99%

The Sustainability of Japan’s Government Debt: A Review

Miyazaki¹,

Onji²

2017

TEL

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“…in the same year exceeded USD 550 billion [2]. This serious financial deficit was compensated for by national bonds to double the budget, but as a result, Japan has been suffering from the largest amount of national debts in the world (close to USD 9 trillion in 2021) [34]. For such an unsustainable healthcare system to fundamentally reform, it is essential to promote 'healthy life expectancy' with reduced reliance on the conventional 'medical treatment' or 'injury rehabilitation' schemes.…”

Section: Fall Prevention For Sustainable Healthcare Systemsmentioning

confidence: 99%

Gait Biomechanics for Fall Prevention among Older Adults

Nagano

2022

Applied Sciences

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In our currently ageing society, fall prevention is important for better healthy life expectancy and sustainable healthcare systems. While active outdoor walking is recommended as adequate exercise for the senior population, falls due to tripping and slipping exist as the primary causes of severe injuries. Minimum foot clearance (MFC) is the lowest vertical height of the foot during the mid-swing phase and indicates the risk of tripping. In contrast, coefficient of friction (COF) factors determine the occurrence of falls from slipping. Optimisation of the MFC and the COF for every step cycle prevents tripping and slipping, respectively. Even after the initiation of hazardous balance loss (i.e., tripping and slipping), falls can still be prevented as long as the requirements for balance are restored. Biomechanically, dynamic balance is defined by the bodily centre of mass and by the base of support: spatially—margin of stability and temporally—available response time. Fall prevention strategies should, therefore, target controlling the MFC, the COF and dynamic balance. Practical intervention strategies include footwear modification (i.e., shoe-insole geometry and slip-resistant outsoles), exercise (i.e., ankle dorsiflexors and core stabilisers) and technological rehabilitation (i.e., electrical stimulators and active exoskeletons). Biomechanical concepts can be practically applied to various everyday settings for fall prevention among the older population.

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“…Sin embargo, la medición de dicho límite debe ser cuidadosa, entre otras cosas, porque el resultado podría ser sensible al cambio de las condiciones económicas que se tomen como referencia. En líneas generales, la literatura ofrece dos caminos para evaluar el límite fiscal y el espacio que de allí se deriva: una por el lado de los impuestos y, otra, por el lado de mayor endeudamiento (Huixin et al, 2016;Matsuoka, 2015;Leeper, 2013;Leeper y Walker, 2011). La primera se suele desarrollar mediante la estimación de las curvas de Laffer, la cual tiene la forma de una u invertida.…”

Section: Sostenibilidad De La Deuda Pública Y Espacio Fiscalunclassified

Untitled

2019

ESPE

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en línea) Clasificación JEL: E32, E63, H63, E13, D81 Palabras clave: ciclo económico; política fiscal, política monetaria y estabilización; déficit y manejo de la deuda; curvas de Laffer, riesgos e incertidumbre. Las opiniones, errores u omisiones de los autores son su responsabilidad, por lo que no reflejan la opinión de las entidades en las que laboran, la del Banco de la República, ni la de su Junta Directiva. Lozano, I.; Arias, F.; Bejarano, J.; González. A.; Granger, C.; Hamann, F.; Hernández, Y.; Julio, J.; López, M.; Méndez, J.; Ramos, J.; Rincón, H.; Rodríguez, D.; Toro, J.; Zárate, H. (2019). "La política fiscal y la estabilización macroeconómica en Colombia", Ensayos sobre Política Económica (ESPE), núm. 90, abril,

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Fiscal limits and sovereign default risk in Japan

Cited by 8 publications

References 28 publications

The Sustainability of Japan’s Government Debt: A Review

The Sustainability of Japan’s Government Debt: A Review

Gait Biomechanics for Fall Prevention among Older Adults

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