Japan : 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion.

Author/Editor:

International Monetary Fund

Publication Date:

August 6, 2007

Electronic Access:

Free Full Text (PDF file size is 816 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2007 Article IV Consultation highlights that Japan’s external position remains strong. Boosted by investment income, the current account surplus widened in 2006 to nearly 4 percent of Japan’s GDP, despite a shrinking trade balance. Financial outflows also picked up, reflecting mainly the secular decline in investor home bias and to a lesser extent, yen-financed carry trades. The near-term economic outlook is favorable. GDP growth is projected at 2.6 percent in 2007 and 2.0 percent in 2008. With activity close to full capacity, CPI inflation is expected to pick up, but very slowly.

Series:

Country Report No. 07/280

Subject:

English

Publication Date:

August 6, 2007

ISBN/ISSN:

9781451820690/1934-7685

Stock No:

1JPNEA2007001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

51

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