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

Author/Editor:

International Monetary Fund

Publication Date:

July 29, 2008

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. 08/253

Subject:

English

Publication Date:

July 29, 2008

ISBN/ISSN:

9781451948530/1934-7685

Stock No:

1JPNEA2008001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

48

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