Japan: Staff Report for the 2004 Article IV Consultation
August 11, 2004
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This 2004 Article IV Consultation highlights that Japan’s economic recovery continued in 2003 and into the first part of 2004. For 2003, GDP growth reached 2½ percent, double the mid-year consensus forecast, and continued at about 6 percent on an annualized basis in the first quarter of 2004. As the economic recovery broadens further, real GDP is projected to expand by 4½ percent in 2004 and 2½ percent in 2005, with CPI deflation ebbing to zero by the end of this period.
Subject: Banking, Corporate sector, Deflation, Economic sectors, Inflation, Macrostructural analysis, Prices, Public debt, Structural reforms
Keywords: coalition, core CPI, core CPI deflation, Corporate sector, CR, Deflation, Global, government plan, Inflation, ISCR, opposition Democratic Party of Japan, ruling coalition, Structural reforms, upper house election
Pages:
51
Volume:
2004
DOI:
Issue:
249
Series:
Country Report No. 2004/249
Stock No:
1JPNEA0032004
ISBN:
9781451977806
ISSN:
1934-7685
