Japan: Staff Report for the 2005 Article IV Consultation

August 8, 2005

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Japan: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed September 19, 2024

Summary

This 2005 Article IV Consultation highlights that the GDP growth in Japan slowed unexpectedly in the second quarter of 2004, after several quarters of above-trend growth. For the full year, GDP rose by 2.6 percent, well below expectations. A significant part of the shortfall reflected a shift to a chain-weighted methodology—growth on the old methodology was 3.6 percent. Pressure on labor markets from job shedding is slowly abating. Progress in corporate restructuring continues. Cash flow and profits remain buoyant; bankruptcies have fallen to a 10-year low and leverage continues to decline.

Subject: Banking, Debt rescheduling, Expenditure, Financial institutions, Fiscal consolidation, Fiscal policy, Fiscal stance, Securities

Keywords: Banking system, CR, Economic activity, Exchange rate, Financial system, Fiscal consolidation, Fiscal policy, Fiscal stance, Global, Growth projection, ISCR, Lower house, Monetary policy, Quantitative easing, Report, Securities, Staff appraisal

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/273
Stock No:

1JPNEA2005002
ISBN:

9781451820652
ISSN:

1934-7685

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