IMF Country Reports cover economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
International Monetary Fund. Asia and Pacific Dept
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
August 2013
DOI:
http://dx.doi.org/10.5089/9781484389416.002
ISBN:
9781484389416
ISSN:
1934-7685
Page:
58
This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated sharply in early 2013. First quarter GDP growth rose to 4.1 percent (seasonally adjusted annual rate) after two quarters of stagnation. Rising equity values stimulated consumption, and exports rebounded supported by strong regional demand and a weaker yen. Inflation expectations have started to increase, and actual inflation recorded positive growth in June. The near-term outlook has improved considerably, buoyed by stimulus. In 2014, growth is expected to moderate to 1.2 percent.
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