Japan: 2008 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Electronic Access:
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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.
Series:
Country Report No. 2008/253
Subject:
Banking Expenditure Financial institutions Fiscal policy Fiscal stance Income Inflation National accounts Pension spending Prices Securities
English
Publication Date:
July 29, 2008
ISBN/ISSN:
9781451948530/1934-7685
Stock No:
1JPNEA2008001
Pages:
48
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