{
  "title": "Japan: 2016 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, August 2, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/japan-2016-article-iv-consultation-press-release-and-staff-report-44158",
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  "summary": "This 2016 Article IV Consultation highlights that the economic growth of Japan has slowed owing to weak private consumption and sluggish investment and that inflation has lost its forward momentum.",
  "sections": [
    {
      "heading": "Growth and macroeconomic developments",
      "content": "- Economic growth of Japan has slowed owing to weak private consumption and sluggish investment.\n- The outlook for growth remains subdued."
    },
    {
      "heading": "Inflation and financial conditions",
      "content": "- Inflation has lost its forward momentum.\n- Financial conditions remain accommodative, but:\n  - falling stock prices and\n  - the appreciation of the yen\n  have resulted in a modest tightening."
    },
    {
      "heading": "Projections and near-term outlook",
      "content": "- 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.\n- Projection caveat: these figures are excluding the possible effect of the yet-to-be-adopted economic stimulus package."
    },
    {
      "heading": "Analytical focus and thematic areas (as listed)",
      "content": "- Banking\n- Fiscal consolidation\n- Fiscal policy\n- Income\n- Inflation\n- Inflation targeting\n- Monetary policy\n- National accounts\n- Prices"
    },
    {
      "heading": "Keywords highlighted by the report",
      "content": "- Asia and Pacific\n- BoJ's resolve\n- Brexit referendum\n- CR\n- Europe\n- Fiscal consolidation\n- fiscal policy response\n- Global\n- Income\n- Inflation\n- Inflation targeting\n- ISCR\n- JGB yield curve\n- money market rate\n- USD basis\n- yen\n\n---\n\n Content in this bundle\n\n- Cr16267\n  - Cr16267 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr16267 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 2, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475522105.002",
    "Economic growth of Japan has slowed owing to weak private consumption and sluggish investment.",
    "The outlook for growth remains subdued.",
    "Financial conditions remain accommodative, but:",
    "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.",
    "Asia and Pacific",
    "BoJ's resolve",
    "Brexit referendum",
    "CR",
    "Europe",
    "fiscal policy response",
    "Global",
    "ISCR",
    "JGB yield curve",
    "money market rate",
    "USD basis",
    "yen",
    "**Cr16267**"
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