Japan: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2004/249, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation highlights that Japan’s economic recovery continued in 2003 and into the first part of 2004. For 2003, GDP growth reached 2½ percent, double the mid-year consensus forecast, and continued at about 6 percent on an annualized basis in the first quarter of 2004. As the economic recovery broadens further, real GDP is projected to expand by 4½ percent in 2004 and 2½ percent in 2005, with CPI deflation ebbing to zero by the end of this period.

Keywords: ISCR; CR; opposition Democratic Party of Japan; ruling coalition; coalition; core CPI; government plan; core CPI deflation; upper house election; Deflation; Inflation; Corporate sector; Structural reforms; Global (search for similar items in EconPapers)
Pages: 51
Date: 2004-08-11
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