Japan: Recent Economic Developments

International Monetary Fund

No 1996/090, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Japan during 1994. It focuses on the weak recovery that began in 1994, and the subsequent strengthening of growth since mid-1995. The paper examines developments in output and prices, and reviews the role that fiscal policy has played in providing support to demand, and the resulting sharp deterioration in the fiscal position. Monetary developments, including the reduction in interest rates to record lows in 1995, are discussed. The paper analyzes developments in the external sector and exchange markets. Developments in trade and structural policies are also reviewed.

Keywords: ISCR; CR; capital ratio; private sector; first quarter; government bond; current account; debt ratio; economic activity; potential GDP; public funds; U.S. dollar; market share; Export-Import Bank; cost of capital; household net saving; consumer confidence; Loans; Imports; Exports; Public investment spending; Southeast Asia; Asia and Pacific; Europe (search for similar items in EconPapers)
Pages: 100
Date: 1996-09-10
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