European Parliament Library

Japan :, 2008 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

This 2008 Article IV Consultation highlights that Japan’s external position remains strong. The current account surplus rose to 4.8 percent of GDP in 2007 on the back of strong external demand and a further surge in investment income. Money markets remain relatively stable owing to the banking system’s lower exposure to subprime and other securitized products and the increased amounts and frequency of the Bank of Japan’s (BoJ) liquidity operations. The near-term economic outlook is for a soft landing, although there remain risks from the global economy
Table Of Contents
Cover; Contents; Executive Summary and Staff Appraisal; I. Introduction; II. Economic Developments; III. Outlook and Risks; IV. Near-Term Policy Imperatives in an Uncertain Global Environment; A. Reducing the High Debt Burden; B. Monetary Policy and the Exchange Rate; C. Policies to Safeguard Financial Stability; V. Structural Policies to Boost Growth; Boxes; I. Linking Tax and Pension Reforms; II. Developments Regarding the BoJ's Monetary Policy Framework; III. Why are Japanese Wages so Sluggish?; Figures; 1. Robust Growth So Far, But Slowdown Ahead
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (50 p.)
Specific Material Designation
Form Of Item

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