Japan: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2006/275, IMF Staff Country Reports from International Monetary Fund

Abstract: Japan showed strong economic recovery from the crisis. Executive Directors welcomed the development and stressed the need for a strong monetary framework, well-designed fiscal consolidation, and structural reforms. Directors agreed that the Bank of Japan’s monetary framework is well suited to the post deflation environment and welcomed the improvement in transparency. Directors appreciated the progress in fiscal consolidation and structural reforms. They encouraged the authorities to maintain an ambitious reform program to support balanced global growth and an orderly resolution of global current account imbalances.

Keywords: ISCR; CR; Bank of Japan's June; core inflation; rate; GDP; core CPI; policy shift; end-June level; debt ratio; exchange rate; Fiscal consolidation; Inflation; Price stabilization; Fiscal stance; Global; Asia and Pacific; Middle East (search for similar items in EconPapers)
Pages: 57
Date: 2006-07-28
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Citations: View citations in EconPapers (1)

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