Japan

Staff Report for the 2000 Article IV Consultation

Macroeconomic policy support and structural reforms have helped to bring about the economic recovery in Japan. Initiating a public process to obtain consensus on a credible strategy for eventual fiscal consolidation would help to raise confidence in long-term growth prospects and reduce the risks of volatile financial market conditions. A premature appreciation of the yen not justified by improving fundamentals remains a concern. Important progress has been made in strengthening major banks balance sheets and allaying concerns about financial instability.
Publication date: August 2000
ISBN: 9781451820461
$15.00
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interest , debt , budget , interest rates , interest rate

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