Japan: 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2010/211, IMF Staff Country Reports from International Monetary Fund

Abstract: Japan’s economy is gaining strength, but vulnerability to sovereign risk is rising. The new government has a greater willingness to consider needed fiscal reforms. Timely stimulus and strong external demand have supported the economic recovery. Global events have focused on Japan’s fiscal problems, and raised the urgency for fiscal adjustment. Easing measures by the Bank of Japan (BoJ) will help recovery and address the risks of deflation. The banking sector has improved, but faces a number of challenges. An ambitious pro-growth agenda would help support fiscal adjustment.

Keywords: ISCR; CR; Japan; regime; GDP; government; infrastructure industry; technology leadership; deflation easing; authorities' definition; swap line; staff supplement; Fiscal consolidation; Deflation; Inflation; Consumption taxes; Global; Europe; Southern Europe (search for similar items in EconPapers)
Pages: 46
Date: 2010-07-14
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24045 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2010/211

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().