01722cas a2200241 a 4500 AALejournalIMF014615 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498323628 1018-5941 BD-DhAAL BD-DhAAL Kang, Joong. Balance Sheet Repair and Corporate Investment in Japan / Joong Kang. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (21 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 We trace Japanese firms' behavior over the last decades using aggregate corporate balance sheet data. Financial health of Japanese corporate sector has improved and firms paid back significant amount of debt and rebuilt their liquidity buffers. They also expanded abroad while the pace of corporate investment moderated. Regarding the latter, model estimates on aggregate corporate investment over the post bubble period show that expectation about future profitability, in particular medium-term demand outlook, has been the major driver, implying that a successful implementation of structural reforms could have positive impact even in the near term by improving the medium-term demand outlook. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2014/141 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/141/001.2014.issue-141-en.xml IMF e-Library