Japan: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/273, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2005 Article IV Consultation highlights that the GDP growth in Japan slowed unexpectedly in the second quarter of 2004, after several quarters of above-trend growth. For the full year, GDP rose by 2.6 percent, well below expectations. A significant part of the shortfall reflected a shift to a chain-weighted methodology—growth on the old methodology was 3.6 percent. Pressure on labor markets from job shedding is slowly abating. Progress in corporate restructuring continues. Cash flow and profits remain buoyant; bankruptcies have fallen to a 10-year low and leverage continues to decline.

Keywords: ISCR; CR; staff appraisal; monetary policy; growth projection; report; lower house; quantitative easing; exchange rate; fiscal policy; banking system; financial system; economic activity; Fiscal consolidation; Securities; Fiscal stance; Global (search for similar items in EconPapers)
Pages: 62
Date: 2005-08-08
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