Japan: Staff Report for the 1999 Article IV Consultation
IMF Staff Country Reports, August 13, 1999
Source details
- Canonical URL
- Japan: Staff Report for the 1999 Article IV Consultation
Other formats
Bibliographic details
- Published: August 13, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820454.002
Macroeconomic performance and context
- Since the asset price bubble burst in 1991, the economy has grown at an average of 1 percent per year.
- Growth in the 1990s is characterized as lackluster and stands in striking contrast to the rapid growth achieved in previous decades.
- The asset price bubble burst in 1991 is identified as a key turning point for the macroeconomic slowdown.
Fiscal and monetary developments
- A series of fiscal stimulus packages raised the structural general government deficit by more than 5 percentage points of GDP between FY1991 and FY1998.
- Monetary policy has progressively eased over the period covered by the report.
Coverage and related material
- Included with the Staff Report is the text of Public Information Notice No. 99/75--IMF Concludes Article IV Consultation with Japan.
- Subjects covered (as listed): Bank credit, Banking, Deposit insurance, Distressed assets, Financial institutions, Financial sector policy and analysis, Fiscal policy, Fiscal stimulus, National accounts, Private investment, Securities.
Keywords (as listed)
- Asia and Pacific, bank, consumer sentiment, CR, Distressed assets, East Asia, economy, exchange rate, Fiscal stimulus, fiscal year, GDP, Global, ISCR, licensing tax, payment, Private investment, Securities, stepped-up BOJ participation, tabling legislation, zero interest rate policy.
International Monetary Fund. "Japan: Staff Report for the 1999 Article IV Consultation", IMF Staff Country Reports 1999, 083 (1999).
Content in this bundle
- Japan: Staff Report for the 1999 Article IV Consultation/ ISCR/99/83