Japan: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion.
August 6, 2007
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Balance of payments, Banking, Capital outflows, Income, Inflation, National accounts, Personal income, Prices, Public debt
Keywords: Asia and Pacific, Capital outflows, consultation, core CPI, CR, data module, debt ratio, euro rate, exchange rate, GDP deflator, Global, Income, Inflation, ISCR, Japan, Personal income, regime, yen-financed carry trades
Pages:
51
Volume:
2007
DOI:
Issue:
280
Series:
Country Report No. 2007/280
Stock No:
1JPNEA2007001
ISBN:
9781451820690
ISSN:
1934-7685
