Japan: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

International Monetary Fund

No 2026/075, IMF Staff Country Reports from International Monetary Fund

Abstract: The Japanese economy has displayed impressive resilience in the face of global shocks and output is growing above potential. Domestic demand has been robust and unemployment remains low. After three decades of near-zero inflation, prices grew faster than the BOJ’s 2-percent target for over three and a half years before moderating in January. While nominal wages are rising at a historic pace, there are persistent concerns about the cost of living as high inflation erodes household purchasing power. Japan continues to face challenges from its aging population and high public debt.

Keywords: inflation expectation; goods trade deficit; staff report; balance sheet reduction; BOJ's assessment; Inflation; Wages; Labor markets; Global; Middle East; Asia and Pacific (search for similar items in EconPapers)
Pages: 104
Date: 2026-04-03
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