NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Policy Uncertainty In Japan

Elif C. Arbatli, Steven J. Davis, Arata Ito, Naoko Miake, Ikuo Saito

NBER Working Paper No. 23411
Issued in May 2017

---- Acknowledgements ----

We would like to thank Luc Everaert, Divya Kirti, Masayuki Morikawa, Carlos Mulas-Granados, Atsushi Nakajima, Todd Schneider, Yasushi Sugayama, Katsiaryna Svirydzenka, Vlodomyr Tulin, Francis Vitek and Sungwook Yoon for very useful comments and suggestions and Yihan Liu for excellent research assistance. Davis gratefully acknowledges financial support from the U.S. National Science Foundation and the Booth School of Business at the University of Chicago. Ito gratefully acknowledges financial support from the Research Institute of Economy, Trade and Industry. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, IMF management, or the National Bureau of Economic Research.

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