Japan's Economic Revival

Foreword; J.Lipsky Acknowledgements Overview;  D.A.Citrin  and  A.Zanello PART I: GROWTH AND DEMOGRAPHICS Japan's Potential Output and Productivity Growth;  P.N'Diaye Household Savings in Japan;  H.Edison PART II: FISCAL POLICY CHALLENGES Strategies for Fiscal Consolidation;  D.Botman, H.Edison  and  P.N'Diaye Tax Policy Challenges from Globalization and Aging: Issues and Options;  M.Keen Pension Reform Issues;  D.Iakova PART III: MONETARY POLICY AFTER DEFLATION A Post-Deflation Monetary Framework;  C.Kramer  and  M.Stone Practical Issues Surrounding the New Understanding of Price Stability;  C.Faulkner-MacDonagh PART IV: THE RISE IN CROSS-BORDER CAPITAL FLOWS Home Bias in Japan;  W.C.Walker Recent Developments and Outlook for Japan's Capital Flows;  S.Nakagawa  and  C.Faulkner-MacDonagh PART V: CHALLENGES FOR THE BANKING SECTOR Why is Japanese Banking Sector Profitability so Low?;  A.Wolfson The Reemergence of Japanese Banks in Asia;  S.Nakagawa PART VI: STRUCTURAL REFORMS Priorities for Structural Reform;  Y.Khatri Agricultural Policies in Japan: Domestic and International Repercussions;  B.McDonald PART VII: INTERNATIONAL SPILLOVERS The Domestic and Global Impact of Japan's Policies for Growth;  N.Batini, P.N'Diaye  and A.Rebucci Capital Flows and the Yen-U.S. Dollar Exchange Rate;  P.N'Diaye