Japan: Staff Report for the 2002 Article IV Consultation

August 8, 2002

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Japan: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

This 2002 Article IV Consultation highlights that the economy of Japan rebounded strongly in the first quarter of 2002. Global recovery underpinned a large net export contribution, while special transitory factors—including unseasonably warm weather and anomalies in the small single-family spending survey—boosted household spending. Earlier fiscal stimulus measures boosted public demand, but business and residential investment continued to slump. Even with the strong growth in the first quarter of 2002, real GDP is nevertheless expected to decline by about ½ percent on an annual-average basis for 2002 as a whole.

Subject: Bank credit, Banking, Deflation, Distressed assets, Financial institutions, Financial sector policy and analysis, Loans, Money, Nonperforming loans, Prices

Keywords: A number of director, Bank credit, Business improvement plan, CR, Deflation, Diffusion index, Distressed assets, Firm, Firm date, First quarter, Global, Growth outlook, ISCR, Loans, Monetary policy, Nonperforming loans, Policy development, U.S. dollar, Yen

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/175
Stock No:

1JPNEA0012002
ISBN:

9781451820485
ISSN:

1934-7685

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