Japan: Selected Issues

International Monetary Fund

No 1998/113, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes macroeconomic developments and prospects for Japan during the 1990s. Following a surge in activity during 1996 and early 1997, the economy fell into recession in the second quarter of 1997. Real GDP fell by 3¾ percent during the four quarters ended March 1998; the unemployment rate reached historical highs; and deflationary pressures reemerged. The downturn was largely unexpected, and most forecasters had projected growth of about 2 percent in 1997. This paper also examines fiscal policy issues for Japan.

Keywords: ISCR; CR; Japan; interest rate; Asia; exchange rate; bank lending; potential GDP; BoJ bill; shareholder meeting; capital stock; Insurance; Loans; Insurance companies; Asia and Pacific; East Asia; North America; Western Europe; Southeast Asia (search for similar items in EconPapers)
Pages: 188
Date: 1998-11-04
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1998/113

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