01960cas a2200277 a 4500 AALejournalIMF021227 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513556338 1018-5941 BD-DhAAL BD-DhAAL Hong, Gee Hee. Structural Changes in Japanese Firms : Business Dynamism in an Aging Society / Gee Hee Hong, Arata Ito, Yukiko Umeno Saito, Anh Thi Ngoc Nguyen. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (39 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 The COVID-19 pandemic has posed a serious threat to the survival of Japanese firms, highlighting the importance of understanding how and why firms exit. In this paper, we use a rich firm-level dataset of Japanese firms to document how firm exit patterns have evolved between 2007 and 2017. Firm exit patterns have been heavily influenced by Japan's demographic trends, as a majority of exits in recent years were voluntary exits of firms (business closures) owned by CEOs aged 65 years or older without business successors. In contrast to this increase in voluntary exits, other 'traditional' firm exits (such as bankruptcies), have declined. These findings underscore the importance of addressing business transition issues in a rapidly aging society. Mode of access: Internet Ito, Arata. Nguyen, Anh Thi Ngoc. Saito, Yukiko Umeno. IMF Working Papers; Working Paper ; No. 2020/182 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/182/001.2020.issue-182-en.xml IMF e-Library