01616cas a2200241 a 4500 AALejournalIMF011158 230101c9999 xx r poo 0 0eng d 5.00 USD 9781462328451 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Japan : Spillover Report for the 2011 Article IV Consultation and Selected Issues. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (69 pages) IMF Staff Country Reports <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's position is one of the largest and richest economies in the world. Tokyo as a financial marketplace is not a major intermediator of global capital flows. The current macroeconomic environment is conducive to spillovers being larger than captured by the empirical analysis. Apart from heading off tail risks, fiscal consolidation in Japan would have medium to long-term benefits for its partner countries. Exchange rate-related spillovers on foreign financial markets are found to be small and depend partly on policy developments abroad. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/183 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/183/002.2011.issue-183-en.xml IMF e-Library