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Book Cover
E-book
Author Kang, Joong Shik.

Title Balance sheet repair and corporate investment in Japan / Joong Shik Kang
Published [Washington, D.C.] : International Monetary Fund, [2014]
©2014
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Description 1 online resource (21 pages) : color illustrations
Series IMF working paper ; WP/14/141
IMF working paper ; WP/14/141
Summary 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. --Abstract
Notes "Asia and Pacific Department"--Page 2 of pdf
"August 2014"--Page 2 of pdf
Bibliography Includes bibliographical references (pages 16-17)
Notes Online resource; title from pdf title page (IMF.org Web site, viewed on August 13, 2014)
Subject Corporations, Japanese.
Financial statements -- Japan.
Investments, Japanese.
Form Electronic book
Author International Monetary Fund. Asia and Pacific Department.
ISBN 1498396062
9781498396066