Japan: Staff Report for the 2000 Article IV Consultation
International Monetary Fund
No 2000/098, IMF Staff Country Reports from International Monetary Fund
Abstract:
Macroeconomic policy support and structural reforms have helped to bring about the economic recovery in Japan. Initiating a public process to obtain consensus on a credible strategy for eventual fiscal consolidation would help to raise confidence in long-term growth prospects and reduce the risks of volatile financial market conditions. A premature appreciation of the yen not justified by improving fundamentals remains a concern. Important progress has been made in strengthening major banks balance sheets and allaying concerns about financial instability.
Keywords: ISCR; CR; Sogo bankruptcy; economic recovery; monetary policy; Sogo's debt forgiveness plan; fiscal policy plan; household expenditure data; financial market development; output gap; GDP deflator; Public investment spending; Budget planning and preparation; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 66
Date: 2000-08-11
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