Cover IMF Staff Country Reports
Japan: 2013 Article IV Consultation
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 253
Language:
English
Publication Date:
05 Aug 2013
DOI:
https://doi.org/10.5089/9781484389416.002
ISBN:
9781484389416
ISSN:
1934-7685
Pages:
58
Keywords:
ISCR; CR; article IV consultation discussion; discussion; inflation expectation; holding; consultation; market; market volatility; consumption tax increase; growth outlook; Inflation; Fiscal consolidation; Consumption taxes; Global; Asia and Pacific
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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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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2013: Issue 253