IMF Staff Country Reports

Japan: Recent Economic Developments

Publication Date:

December 1, 1995

Summary:

This paper reviews economic developments in Japan during the 1990s. The paper focuses on the weak recovery that began in 1994, against the background of the long and deep recession from mid-1991 to late 1993. Output and labor market developments are described. The paper examines the sharp deterioration in the fiscal position, including the effects of fiscal policy actions, and discusses the progressive easing of monetary policy since 1991. External sector developments are also analyzed, followed by an overview of trade and structural policies.

Series:

Country Report No. 1995/115

Subject:

Banking Expenditure Exports Financial institutions International trade Loans Public investment spending Securities

Notes:

This report on recent economic developments in Japan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Japan, or the Executive Board of the IMF. In releasing this document for public use, confidential material has been removed at the request of the member.