Table 4: Macroeconomic impacts, Japan.

S1S2aS2bS2c

GDP0.0−1.21.10.9
Employment0.0−0.10.40.4
H’hold consumption0.0−1.62.01.7
Investment0.0−0.60.90.7
Exports0.0−0.5−0.4−0.5
Imports0.0−0.31.11.1
Price level0.12.51.42.0

Values are % difference from the Baseline.
Source(s): E3MG, Cambridge Econometrics.