Japan: Staff Report for the 2004 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 249

Publication date: August 2004

ISBN: 9781451977806

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Inflation , Investments and Securities-General , Economics- Macroeconomics , Public Finance , ISCR , CR , opposition Democratic Party of Japan , ruling coalition , coalition , core CPI , government plan , core CPI deflation , upper house election , Deflation , Inflation , Corporate sector , Structural reforms , Global

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Summary

This 2004 Article IV Consultation highlights that Japan’s economic recovery continued in 2003 and into the first part of 2004. For 2003, GDP growth reached 2½ percent, double the mid-year consensus forecast, and continued at about 6 percent on an annualized basis in the first quarter of 2004. As the economic recovery broadens further, real GDP is projected to expand by 4½ percent in 2004 and 2½ percent in 2005, with CPI deflation ebbing to zero by the end of this period.