Japan: Staff Report for the 2005 Article IV Consultation
Electronic Access:
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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.
Series:
Country Report No. 2005/273
Subject:
Banking Debt rescheduling Expenditure Financial institutions Fiscal consolidation Fiscal policy Fiscal stance Securities
English
Publication Date:
August 8, 2005
ISBN/ISSN:
9781451820652/1934-7685
Stock No:
1JPNEA2005002
Pages:
62
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