IMF Staff Country Reports

Japan: Staff Report for the 2006 Article IV Consultation

Publication Date:

July 28, 2006

Electronic Access:

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Summary:

Japan showed strong economic recovery from the crisis. Executive Directors welcomed the development and stressed the need for a strong monetary framework, well-designed fiscal consolidation, and structural reforms. Directors agreed that the Bank of Japan’s monetary framework is well suited to the post deflation environment and welcomed the improvement in transparency. Directors appreciated the progress in fiscal consolidation and structural reforms. They encouraged the authorities to maintain an ambitious reform program to support balanced global growth and an orderly resolution of global current account imbalances.

Series:

Country Report No. 2006/275

Subject:

Banking Expenditure Fiscal consolidation Fiscal policy Fiscal stance Inflation Price stabilization Prices