Japan: Staff Report for the 1999 Article IV Consultation

August 13, 1999

Summary

This 1999 Article IV Consultation highlights that Japanese growth has been lackluster throughout most of the 1990s. Since the asset price bubble burst in 1991, the economy has grown at an average of 1 percent per year, in striking contrast to the rapid growth achieved in previous decades. A series of fiscal stimulus packages raised the structural general government deficit by more than 5 percentage points of GDP between FY1991 and FY1998, while monetary policy has progressively eased.

Subject: Bank credit, Banking, Deposit insurance, Distressed assets, Financial institutions, Financial sector policy and analysis, Fiscal policy, Fiscal stimulus, National accounts, Private investment, Securities

Keywords: 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

Pages:
64
Volume:
1999
DOI:
https://doi.org/10.5089/9781451820454.002
Issue:
083
Series:
Country Report No. 1999/083
Stock No:
1JPNEA0011999
ISBN:
9781451820454
ISSN:
1934-7685

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Notes

Included with the Staff Report is the text of Public Information Notice No. 99/75--IMF Concludes Article IV Consultation with Japan.

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