Japan: 2016 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, August 2, 2016
Source details
- Canonical URL
- Japan: 2016 Article IV Consultation-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: August 2, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475522105.002
Growth and macroeconomic developments
- Economic growth of Japan has slowed owing to weak private consumption and sluggish investment.
- The outlook for growth remains subdued.
Inflation and financial conditions
- Inflation has lost its forward momentum.
- Financial conditions remain accommodative, but:
- falling stock prices and
- the appreciation of the yen
have resulted in a modest tightening.
Projections and near-term outlook
- The economy is expected to expand at a moderate pace of about 0.3 percent in 2016, before slowing to 0.1 percent in 2017.
- Projection caveat: these figures are excluding the possible effect of the yet-to-be-adopted economic stimulus package.
Analytical focus and thematic areas (as listed)
- Banking
- Fiscal consolidation
- Fiscal policy
- Income
- Inflation
- Inflation targeting
- Monetary policy
- National accounts
- Prices
Keywords highlighted by the report
- Asia and Pacific
- BoJ's resolve
- Brexit referendum
- CR
- Europe
- Fiscal consolidation
- fiscal policy response
- Global
- Income
- Inflation
- Inflation targeting
- ISCR
- JGB yield curve
- money market rate
- USD basis
- yen