Japan: Economic and Policy Developments

October 31, 1997

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Format: Chicago

Japan: Economic and Policy Developments, (USA: International Monetary Fund, 1997) accessed November 23, 2024

Summary

This paper reviews economic and policy developments in Japan during the 1990s. It suggests that, while growth is likely to be adversely affected in the near term owing to the fiscal consolidation measures adopted as part of the FY1997 budget, the prospects are favorable for continued economic recovery, supported by improved labor market developments and external demand. A declining working-age population, however, will constrain underlying growth over the longer term. The paper also suggests that a deeper and more accelerated fiscal adjustment would help ensure a declining debt ratio over the medium term.

Subject: Banking, Expenditure, Financial institutions, Fiscal consolidation, Insurance, Labor, Loans, Securities

Keywords: CR, Financial market, First quarter, Fiscal policy, General government, Government bond, Holding company, Insurance, ISCR, Loans, Market share, Potential GDP, Price index, Real GDP, Securities, Southeast Asia, Unemployment rate

Publication Details

Pages:

108
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/091
Stock No:

1JPNEA0021997
ISBN:

9781451820539
ISSN:

1934-7685

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