Executive Board
Board Discussions
on Japan:

July 26, 2017
July 29, 2016
July 17, 2015
July 23, 2014
July 31, 2013

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2017  2018
Real GDP 1.3 0.6
Source: World Economic Outlook Update (July 2017)

Japan: Financial Position in the Fund

Transactions with the Fund

Central Bank
Bank of Japan

Finance Ministry
Ministry of Finance

IMF Regional Office for Asia and the Pacific

Japan Administered Accounts For Technical Assistance and Training

Scholarships at the IMF Regional Office for Asia and the Pacific (OAP)

Japan Administered Accounts - Japan-Funded Scholarship Programs

Frontier and Developing Asia Frontier and Developing Asia : The Next Generation of Emerging Markets Excerpt in English, Japanese

You may contact us about Japan and the IMF at Contact Us

Free Email Notification

Receive emails when we post new items of interest to you.

Subscribe or Modify your profile

Japan and the IMF
Updated July 31, 2017

Show all items sorted by date  Show all items sorted by type 
IMF Survey Online
July 31, 2017 -- For Japan's Economy, Now Is the Time to Step Up Reforms
October 06, 2016 -- Asia Still Growth Champion, But Must Watch Its Step
August 02, 2016 -- How to Reload Abenomics
July 27, 2016 -- New External Assessments Show Larger Imbalances in 2015
May 03, 2016 -- IMF Survey : Asia: Growth Remains Strong, Expected to Ease Only Modestly
Growth in Asia and the Pacific is expected to remain strong at 5.3 percent this year and next, accounting for almost two-thirds of global growth.
March 15, 2016 -- IMF Survey : Japan-IMF Conference Discusses Regional Economic Integration in Asia
Asian countries should build on progress made over the past two decades and move faster toward further trade and financial integration, but in the context of multilateral trade liberalization, participants at a two-day IMF conference in Tokyo heard.
February 09, 2016 -- IMF Survey : Regional Trainers Meet to Discuss Priorities for Asia-Pacific Countries
Countries with strong institutions and skilled civil servants can formulate more effective and robust policies, which contributes to economic development, stability, and ultimately more sustainable growth, the audience at a recent meeting on training and capacity development heard.
October 09, 2015 -- IMF Survey : Asia Can Take Steps to Bolster Resilience Amid Economic Slowdown
Growth is moderating in Asia, but the region will continue to outperform the rest of the global economy, according to an IMF report on Asia’s economy released on October 9 in Lima, Peru, as part of the IMF-World Bank Annual Meetings.
September 28, 2015 -- IMF Survey : Exchange Rates Still Matter For Trade
Exchange rate movements still have sizable effects on exports and imports, says a new IMF study. IMF economists find that a 10 percent depreciation in a country's currency, adjusted for inflation, boosts net exports by an average 1.5 percent of economic output, mostly within the first year
July 23, 2015 -- IMF Survey : Japan: Ramping up Policy Actions for Lasting Economic Change
Abenomics has lifted Japan out of the doldrums, but policies need to be reinforced to end the lingering deflationary mindset, raise growth, restore fiscal sustainability, and maintain financial stability without undue reliance on yen depreciation.
May 06, 2015 -- IMF Survey : Asia: Stabilizing and Outperforming Other Regions
Growth in Asia and the Pacific will continue to outperform the rest of the world, and is expected to remain steady at 5.6 percent in 2015, easing slightly to 5.5 percent in 2016, according to the IMF's Regional Economic Outlook for Asia and the Pacific.
April 17, 2015 -- IMF Survey : The Elusive Pursuit of Inflation
Having worked for years to tame inflation, the world’s central banks are now facing an increasing challenge to reawaken it. In a Spring Meetings seminar, top economists discussed the causes of low inflation, the tools to raise it and implications for global currency movements.
March 23, 2015 -- IMF Survey : Regional Conference: Redistribution Has More Upsides than Downsides
Redistribution may have downsides, but they are probably offset by the positive benefits of greater equality on growth, an audience of policymakers from Asia has heard.
March 16, 2015 -- IMF Survey : Nordic Lessons to Raise Female Labor Participation in NE Asia
More women need to be moved from non-regular to regular employment, and supported through appropriate public policies if Japan and Korea are to raise the number of working women, according to a new IMF Working Paper.
October 10, 2014 -- IMF Survey : Asia and Pacific: Still Going Strong, Says the IMF
Asia’s growth has been disappointing in the first half of 2014, but the economic outlook for the region remains solid. GDP growth is expected to reach 5.5 percent in 2014.
September 15, 2014 -- IMF Survey : Lagarde Calls for Reforms to Unleash Economic Power of Women
The global economy could be greatly boosted by unleashing the economic power of women, who remain the world’s largest excluded group, the head of the IMF told a high level gathering in Japan.
July 31, 2014 -- IMF Survey : Japan’s Bumpy Growth Path Puts Premium on Structural Reforms
In its latest assessment of the Japanese economy, the IMF said the recent economic reforms are taking hold, but they need to be more comprehensive and sustained for an extended period. This would help achieve the new inflation target and guard against headwinds from a shrinking labor force and a large fiscal adjustment need.
April 28, 2014 -- IMF Survey : Sustaining Asia’s Momentum: Time for Vigilance and Reform
The outlook for Asia is one of steady growth. GDP growth is forecast to improve to 5.5 percent in 2014–15, says the IMF in its latest Asia and Pacific Regional Economic Outlook.
October 29, 2013 -- IMF Survey : IMF-Japan Cooperation in Capacity Building Reaches 20-Year Mark
A Japanese-IMF scholarship program that has helped over 600 junior government officials from Asia to improve their policymaking skills celebrates its twentieth anniversary this year.
October 11, 2013 -- IMF Survey : Asia: Responding to Slower Growth and Tighter Global Liquidity
Asia is likely to remain the world’s economic engine despite the recent soft patch in global growth and increasing volatility in international financial markets, says the International Monetary Fund.
October 08, 2013 -- IMF Survey : Global Growth Patterns Shifting, Says IMF WEO
Global growth is still in low gear and its drivers are shifting, says the IMF’s latest WEO report, which forecasts global growth to average 2.9 percent in 2013—below the 3.2 percent recorded in 2012—and to rise to 3.6 percent in 2014.
October 03, 2013 -- IMF Survey : Lagarde: New Global Transitions Need New Global Agenda
Countries will need to adopt strong national policies and work together closely to manage new transitions under way in the global economy, IMF Chief Christine Lagarde said in a speech ahead of the 2013 World Bank-IMF Annual Meetings.
August 05, 2013 -- IMF Survey : Japan: Concrete Fiscal, Growth Measures Can Help Exit Deflation
The “three arrows” of Abenomics—the slew of measures named after Japanese Prime Minister Shinzo Abe—provide a unique opportunity to exit deflation and revive growth, says the IMF in its regular assessment of the country’s economy.
August 01, 2013 -- IMF Survey : IMF Urges Concerted Policy Action to Reduce Risks to Global Growth
If the world’s largest economies could make improvements in their policies in mutually reinforcing ways, they would lift global GDP over the longer run by as much as 3 percent, says a new analysis by the IMF.
May 17, 2013 -- IMF Survey : IMF Helps Promote Understanding of Capital Flows
In a bid to support greater understanding of capital flows among government officials in Asia, the International Monetary Fund’s Regional Office for Asia and the Pacific organized a high-level seminar with Hitotsubashi University.
May 16, 2013 -- IMF Survey : IMF Assesses New Era of Monetary Policy
Several years of exceptionally low interest rates and bond buying by some advanced economy central banks have reduced the risk of deflation, stabilized the financial system, and calmed financial markets, but these unconventional policies also have potential negative side effects.
April 18, 2013 -- IMF Survey : Move From ‘Three-speed’ To ‘Full-speed’ Global Recovery, Urges Lagarde
The global economy can move beyond an uneven recovery to achieve “full-speed” if countries take customized action on a range of policy fronts, IMF Managing Director Christine Lagarde said at the 2013 IMF-World Bank Spring Meetings.
April 16, 2013 -- IMF Survey : Policy Actions Improve Prospects for Global Economy
The global economy is expected to continue mending gradually, says the IMF, whose latest forecast of economic growth projects 3.3 percent growth in 2013, and 4 percent in 2014. But with old dangers remaining and new risks emerging, policymakers cannot afford to relax their efforts.
February 11, 2013 -- IMF Survey : Reforms Needed to Restore High Growth in Japan
Despite robust per capita GDP growth in Japan in recent years, the world’s third largest economy must pursue a comprehensive package of reforms if high growth is to be restored, a top level seminar in Tokyo has heard.
January 23, 2013 -- IMF Survey : Modest Growth Pickup in 2013, Projects IMF
Global growth will strengthen gradually in 2013, says the IMF in an update to its World Economic Outlook, as the constraints on economic activity start to ease this year. But the recovery is slow, and the report stresses that policies must address downside risks to bolster growth.
October 13, 2012 -- IMF Survey: Asian Youth Speak Out
Young people need greater voice in the global economic debate as they will inherit the legacy of choices made today, IMF Deputy Managing Director Nemat Shafik told a seminar on Asian youth held during the 2012 IMF–World Bank Annual Meetings in Tokyo.
October 13, 2012 -- IMF Survey: Crisis Boosts Demand for IMF Expertise
As demand for its expertise rises, the IMF is now keeping closer tabs on the impact of its capacity development work in order to make this activity as effective as possible, IMF Deputy Managing Director Nemat Shafik said at a seminar.
October 12, 2012 -- IMF Survey: Asian Youth Speak Out
Young people need greater voice in the global economic debate as they will inherit the legacy of choices made today, IMF Deputy Managing Director Nemat Shafik told a seminar on Asian youth held during the 2012 IMF–World Bank Annual Meetings in Tokyo.
October 10, 2012 -- IMF Survey: Natural Disasters Hitting More People, Becoming More Costly
The number of people affected by natural disasters around the world is rising. Over the past two years, 700 natural disasters were registered worldwide affecting more than 450 million people, according to a new IMF study. A conference in Japan’s Sendai region discussed disaster relief and recovery.
September 27, 2012 -- IMF Survey: History Offers Tips for Getting a Handle on Public Debt
Countries battling high public debt must combine policies that support economic growth with lasting changes in government spending and taxation, a chapter in the IMF’s World Economic Outlook concludes, amid widespread debate about the best way for governments to reduce public debt.
September 21, 2012 -- IMF Survey: Asia Poised To Emerge as Lynchpin of Global Economy
Asia is in a stronger position to tackle headwinds from the unsettled global economy, but the region must continue with structural reforms, and embrace greater integration if it is to meet its potential, an audience hear at a key conference held earlier this month in Tokyo.
September 21, 2012 -- IMF Survey: Time to Get Beyond the Crisis, Says IMF's Lagarde
In order to move beyond the crisis in the eurozone and restore confidence in the global recovery, policymakers should implement agreed decisions that will help anchor medium-term expectations about economic policy, IMF Managing Director Christine Lagarde said in a taped video interview.
September 13, 2012 -- IMF Survey: Japanese Students Give Their Views on the Global Crisis
A heartfelt call for the IMF to remember that economic performance impacts ordinary lives, was among the winning entries in an essay competition for young Japanese students organized to raise awareness in Japan of the IMF-World Bank Annual Meetings taking place in October.
August 30, 2012 -- IMF Survey: The Global Village: Connected World Drives Economic Shift
The world economy is undergoing a structural shift as emerging markets catch up to advanced economies. The new issue of Finance & Development magazine sets out some of the steps needed to fight the risks and reap the rewards of integration in a more multipolar, interdependent world.
August 01, 2012 -- IMF Survey: Health of Japan's Financial System Tied to Growth, Government Debt and Deficits
Japan's financial system is at a critical crossroad: more stable than a decade ago thanks to reforms after a protracted period of economic crisis and financial stress, but banks' large holdings of government debt and slow economic growth are challenging the profitability and functioning of the financial system.
July 24, 2012 -- IMF Survey: Global Downturn Contributes to China Slowdown
China’s growth rate is set to moderate to around 8 percent this year due to measures by the authorities to cool the economy, and the global slowdown, say IMF economists in their latest assessment of the world’s second-largest economy.
July 12, 2012 -- IMF Survey: IMF Head Hails Asia’s Leading Role in Global Stability
Asia’s economies are central to global economic stability, and the region has emerged from the global crisis with its economic standing enhanced, the Managing Director of the IMF told an audience of top officials in Thailand at the conclusion of an 8-day trip to Asia.
July 06, 2012 -- IMF Survey: To Secure Recovery, World Must Work Together, Says IMF Chief
The global community must work together to meet the challenges thrown up by the global financial crisis and to ensure future stability and growth, says the head of the IMF, Christine Lagarde during a keynote speech in Tokyo, the first stop in a three-country visit to Asia.
June 14, 2012 -- IMF Survey: IMF Launches Japan Student Essay Contest
Ahead of the IMF–World Bank Annual Meetings to be held in Tokyo in October, the International Monetary Fund is organizing an essay contest for Japanese Graduate and Undergraduate university students on the state of the global economy and the role of the global lender.
June 12, 2012 -- IMF Survey: Japan: Solid Recovery, But Europe Dampens Outlook
Japan is experiencing a solid recovery following the March 2011 Great East Japan earthquake, but the European debt crisis is likely to dampen demand for the country’s exports, and weigh on business sentiment, says the IMF in its annual health check of the world’s third largest economy.
January 13, 2012 -- IMF Survey: Big Financial Sectors Under Review in 2012 By IMF
There's one thing all countries learned in the recent crisis: problems in the financial system can have devastating consequences for economic health. In 2012 the IMF will examine some of the world’s biggest financial sectors to help them spot any trouble on the horizon.
November 10, 2011 -- IMF Survey: Asia Propels Recovery But Vulnerable to Euro Crisis
Asia plays a key role in the global recovery, but the region could be badly impacted if the crisis in Europe deepens, said the IMF chief, Christine Lagarde during a four-day trip to Asia.
September 20, 2011 -- IMF Survey: Weak and Bumpy Global Recovery Ahead
The global economic recovery is slowing, and the world economy is in a dangerous new phase, the IMF says in its latest forecast. The IMF’s World Economic Outlook says strong, coordinated action is necessary to avert a decade of lost growth in the advanced economies.
July 19, 2011 -- IMF Survey: Japan: Lower Public Debt, Structural Reforms Critical, says IMF
The massive earthquake in northeast Japan earlier this year has led to additional government spending, pushing the country’s public debt to higher levels. The world’s third largest economy needs to consolidate its fiscal position over the medium term, says the IMF in its regular assessment.
June 17, 2011 -- IMF Survey: Global Growth Hits Soft Patch, Expected to Rebound
The global economy, hit by slowdowns in Japan and the United States, is expected to reaccelerate in the second half of the year, but growth remains unbalanced and concerted action by major economies is needed to avoid lurking dangers, the IMF says in its latest forecast.
June 10, 2011 -- IMF Survey: Supporting Aging Populations as Demographics Shift
Demographic changes are threatening the ability of many countries to provide a decent standard of living for the old without imposing a crushing burden on the young, says the IMF’s Finance & Development magazine in a cover story. The world’s population is projected to rise to 9 billion by 2050.
June 08, 2011 -- IMF Survey: Japan Set to Recover Sharply, but Disaster Takes Heavy Toll
Japan’s huge earthquake and devastating tsunami last March have taken a heavy toll on the country’s economy, and even though output will revive in the second half of the year as reconstruction takes hold, the IMF projects overall growth for the year will fall to -0.7 percent this year.
April 28, 2011 -- IMF Survey: Asia Likely to Suffer Economic Repercussions From Japan Earthquake
The earthquake and tsunami which devastated much of Japan’s north east coastal region earlier this year will affect economic activity not only in Japan, but also other Asian countries over the coming months, predicts the IMF.
April 16, 2011 -- IMF Survey: Strong Growth for Asia with Risk of Overheating
Economic growth in Asia is expected to slow to a more sustainable rate of nearly 7 percent in 2011—12, but new risks to the region have emerged including the growing danger of overheating, says the Director of the IMF’s Asia and Pacific Department, Anoop Singh.
July 14, 2010 -- IMF Survey: IMF Calls for Japan to Rein In Debt
Japan's economy is gaining strength following the global recession but, with a sharpened global focus on sovereign risks in some countries, the government needs to draw up a credible fiscal adjustment plan to secure long-term economic health, IMF economists say in their regular review of the Japanese economy.
May 19, 2010 -- IMF Survey: Call for Coordinated Approach to Global Financial Reforms
International cooperation to reform the global financial order is needed to ensure future, stable growth, a top IMF official tells a global finance seminar in Tokyo that also highlights the role of Asia in shaping the debate.
April 29, 2010 -- IMF Survey: Rising Debt, Deficits Are Long-Run Threats, Economists Say
Advanced economies must take steps soon to address high and growing government debt and deficits even as many have to maintain stimulus programs for the next year or so to deal with lingering effects of the recent global recession, a panel of leading economists agreed at an IMF-sponsored forum.
September 21, 2009 -- IMF Survey: Close Ties Led to Crisis in World’s Five Major Economies
Integrated financial and banking systems and close trade ties were major factors in spreading the worst financial crisis in 60 years, a new IMF study finds.
July 16, 2009 -- IMF Survey: IMF Sees Recovery in Japan If World Economy Improves
The IMF upgrades its growth forecast for Japan for 2010, but warns of the need for further measures if the outlook worsens. The IMF’s annual assessment of the Japanese economy says the improved outlook is partly a result of Tokyo’s strong fiscal response.
June 24, 2009 -- IMF Survey: Households Hit Hard by Wealth Losses
The financial crisis has erased a considerable amount of household wealth in many advanced economies. The precipitous fall in asset prices—across equity, bond, and housing markets—has eroded the value of financial and housing assets and the net worth of households, according to IMF research.
May 06, 2009 -- IMF Survey: Crisis Deals Sharp Blow to Asian Growth
The impact of the global economic crisis on Asia has been swifter and often deeper than for other regions, partly because of Asia’s export dependence and close integration into the global economy, according to a new report by the IMF.
February 14, 2009 -- IMF Survey: IMF Gains New Funding, Puts Focus on Bank Clean Up
Warning that the global economic crisis is set to bite emerging markets and low-income countries harder this year, IMF head Dominique Strauss-Kahn says he aims to double the Fund's lendable resources to $500 billion and boost loans for poorest.
February 13, 2009 -- IMF Survey: IMF Signs $100 Billion Borrowing Agreement With Japan
Japan has provided the IMF with an additional $100 billion to bolster the Fund's lendable resources during the current global economic and financial crisis.
December 08, 2008 -- IMF Survey: Financial Crisis: Priorities for Regulatory Reform
Finding a better way to assess systemic risk and prevent its buildup in good times is a key to improving regulation following the financial market crisis, an article says in December's IMF quarterly magazine Finance and Development.
November 15, 2008 -- IMF Survey: World Leaders Launch Action Plan to Combat Financial Crisis
Leaders of the world's major economies draw up an action plan to combat the burgeoning financial crisis and pull the global economy back from one of the worst downturns in decades, giving the IMF a central role in crisis response and reform of the financial architecture.
November 09, 2008 -- IMF Survey: IMF Urges World Leaders to Counter Global Slowdown
IMF head Dominique Strauss-Kahn urges leaders of the G-20 industrialized and developing economies to take action to help counter the global economic slowdown as ministers from systemically important countries agreed on the need for a coordinated response.