01694cas a2200241 a 4500 AALejournalIMF013828 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475563795 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Japan : Selected Issues. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (61 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 This Selected Issues paper examines implications for long-term bond yields in case of Japan. The analysis finds that so far, upward pressure on interest rates from high public debt has been offset by domestic factors, including a stable investor base with a preference for safe assets. As these effects could decline with population aging, yields could rise unless reforms are implemented to stimulate growth and reduce the public debt-to-GDP ratio. In such a scenario, long-term Japanese government bond rates would remain relatively low and stable. The paper also analyzes to what extent rising health care spending poses a fiscal risk to Japan's economy. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/254 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/254/002.2013.issue-254-en.xml IMF e-Library