Japan: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion.
Electronic Access:
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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. 2007/280
Subject:
Balance of payments Banking Capital outflows Income Inflation National accounts Personal income Prices Public debt
English
Publication Date:
August 6, 2007
ISBN/ISSN:
9781451820690/1934-7685
Stock No:
1JPNEA2007001
Pages:
51
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