Japan: 2011 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, July 19, 2011
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- Japan: 2011 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: July 19, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781462329465.002
Executive summary and immediate priorities
- Japan responded swiftly to stabilize markets after the earthquake, and activity has begun to recover.
- The immediate priority is to repair damaged infrastructure and facilitate a swift recovery.
- Timely implementation of the government’s growth strategy would help sustain fiscal adjustment and support the recovery.
Financial sector and macro risks
- Financial policies should protect against the risk of an economic slowdown and higher market volatility.
- Japan remains an important contributor to regional growth and stability despite the adversity caused by the earthquake.
Policy recommendations and strategic actions
- Repair damaged infrastructure to facilitate a swift recovery.
- Implement the government’s growth strategy in a timely manner to support fiscal adjustment and sustain recovery.
- Use financial policies aimed at protecting the economy from slowdown risks and increased market volatility.
- Continue active international cooperation given Japan’s role in regional growth and stability.
Subject areas and keywords (as provided)
- Subject: Banking, Commodities, Consumption taxes, Electricity, Financial institutions, Inflation, Loans, Prices, Public debt, Taxes
- Keywords: asset purchase program, bond issuance, Consumption taxes, CR, Electricity, Global, Inflation, ISCR, Loans, plan, reform plan, social security, Social Security reform, tax measure
Publication facts and identifiers
- Publication title: Japan: 2011 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion
- Publication date: July 19, 2011
- Pages: 45
- Volume: 2011
- Issue: 181
- Series: Country Report No. 2011/181
- DOI: https://doi.org/10.5089/9781462329465.002
- Stock No: 1JPNEA2011001
- ISBN: 9781462329465
- ISSN: 1934-7685
Source: Japan: 2011 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion (July 19, 2011).