Is Japan’s Population Aging Deflationary?

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a1ot Dissaving by the elderly makes matters worse as it leads to real exchange rate appreciation from the repatriation of foreign assets.

2014/11/19 リンク

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Is Japan’s Population Aging Deflationary?

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The vi... Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate Japan has the most rapidly aging population in the wor