02037cas a2200265 a 4500 AALejournalIMF008913 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862287 1018-5941 BD-DhAAL BD-DhAAL Batini, Nicoletta. The Domestic and Global Impact of Japan's Policies for Growth / Nicoletta Batini, Alessandro Rebucci, Papa N'Diaye. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Japan is facing a sizable fiscal imbalance against a backdrop of weak trend growth and growing external imbalances in the world economy. This paper examines the possible impact of fiscal adjustment and productivity-enhancing structural reforms on the Japanese and world economies. Simulation results indicate that these could reduce substantially Japan's fiscal imbalance with only limited spillovers to the rest of the world. Specifically, faster productivity growth would help lower Japan's debt and limit the tendency of fiscal consolidation to increase the external surplus. In fact, very rapid productivity growth could potentially lead to a decline in Japan's external surplus and thereby have a positive effect on global imbalance. The modest extent of the spillovers to the rest of the world reflect the small size of the shocks and the diminished size of Japan in the world economy. Mode of access: Internet N'Diaye, Papa. Rebucci, Alessandro. IMF Working Papers; Working Paper ; No. 2005/209 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/209/001.2005.issue-209-en.xml IMF e-Library