01793cas a2200253 a 4500 AALejournalIMF011458 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463927264 1018-5941 BD-DhAAL BD-DhAAL Lam, Waikei. Assessing the Risks to the Japanese Government Bond (JGB) Market / Waikei Lam, Kiichi Tokuoka. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (19 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 Despite the rise in public debt, Japanese Government Bond (JGB) yields have remained low and stable, supported by steady inflows from the household and corporate sectors, high domestic ownership of JGBs, and safe-haven flows from heightened sovereign risks in Europe. Over time, however, the market's capacity to absorb new debt will likely shrink as population ages and risk appetite recovers. In the short term, a decline in fund supply from the corporate sector, where financial surpluses are abnormally high, and spillovers from global financial distress could push up JGB yields. Fiscal reforms to reduce public debt more quickly and lengthen the maturity of government bonds will help limit these risks. Mode of access: Internet Tokuoka, Kiichi. IMF Working Papers; Working Paper ; No. 2011/292 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/292/001.2011.issue-292-en.xml IMF e-Library