Japan : 2008 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

1JPNEA2008001 Image
Price:  $18.00

Release Date: © July, 2008
ISBN : 978-1-45194-853-0
Stock #: 1JPNEA2008001
Stock Status: On back-order

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This 2008 Article IV Consultation highlights that Japan’s external position remains strong. The current account surplus rose to 4.8 percent of GDP in 2007 on the back of strong external demand and a further surge in investment income. Money markets remain relatively stable owing to the banking system’s lower exposure to subprime and other securitized products and the increased amounts and frequency of the Bank of Japan’s (BoJ) liquidity operations. The near-term economic outlook is for a soft landing, although there remain risks from the global economy.


Balance of payments , Economic policy , Fiscal policy , Inflation , Monetary policy

More publications in this series: IMF Staff Country Reports