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

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 253

Publication date: July 2008

ISBN: 9781451948530

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Inflation , Investments and Securities-General , Economics- Macroeconomics , Public Finance , ISCR , CR , price , regime , GDP , upside risk , headline CPI inflation , liquidity operations , headline inflation , inflation risk , Inflation , Pension spending , Fiscal stance , Income , Securities , Global

Also of interest

Nepal

Peru

Grenada

Republic of Congo : 2001 Article IV

Summary

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.