Japan: 2013 Article IV Consultation

International Monetary Fund

No 2013/253, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated sharply in early 2013. First quarter GDP growth rose to 4.1 percent (seasonally adjusted annual rate) after two quarters of stagnation. Rising equity values stimulated consumption, and exports rebounded supported by strong regional demand and a weaker yen. Inflation expectations have started to increase, and actual inflation recorded positive growth in June. The near-term outlook has improved considerably, buoyed by stimulus. In 2014, growth is expected to moderate to 1.2 percent.

Keywords: ISCR; CR; article IV consultation discussion; discussion; inflation expectation; holding; consultation; market; market volatility; consumption tax increase; growth outlook; Inflation; Fiscal consolidation; Consumption taxes; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 58
Date: 2013-08-05
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Citations: View citations in EconPapers (8)

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