IMF Staff Country Reports

Japan: Selected Issues

Publication Date:

November 4, 1998

Electronic Access:

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Summary:

This Selected Issues paper analyzes macroeconomic developments and prospects for Japan during the 1990s. Following a surge in activity during 1996 and early 1997, the economy fell into recession in the second quarter of 1997. Real GDP fell by 3¾ percent during the four quarters ended March 1998; the unemployment rate reached historical highs; and deflationary pressures reemerged. The downturn was largely unexpected, and most forecasters had projected growth of about 2 percent in 1997. This paper also examines fiscal policy issues for Japan.

Series:

Country Report No. 1998/113

Subject:

Bank credit Banking Expenditure Financial institutions Fiscal policy Insurance Insurance companies Loans