Japan: Staff Report for the 2006 Article IV Consultation

July 28, 2006

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Format: Chicago

Japan: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 24, 2024

Summary

Japan showed strong economic recovery from the crisis. Executive Directors welcomed the development and stressed the need for a strong monetary framework, well-designed fiscal consolidation, and structural reforms. Directors agreed that the Bank of Japan’s monetary framework is well suited to the post deflation environment and welcomed the improvement in transparency. Directors appreciated the progress in fiscal consolidation and structural reforms. They encouraged the authorities to maintain an ambitious reform program to support balanced global growth and an orderly resolution of global current account imbalances.

Subject: Banking, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Inflation, Price stabilization, Prices

Keywords: Asia and Pacific, Bank of Japan's June, Core CPI, Core inflation, CR, Debt ratio, End-June level, Exchange rate, Fiscal consolidation, Fiscal stance, GDP, Global, Inflation, ISCR, Middle East, Policy shift, Price stabilization, Rate

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/275
Stock No:

1JPNEA2006002
ISBN:

9781451820676
ISSN:

1934-7685

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