Japan 2008 Article IV Consultation; Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
This 2008 Article IV Consultation highlights that Japan's external position remains strong. The current account surplus rose to 4.8 percent of GDP in 2007 on the back of strong external demand and a further surge in investment income. Money markets remain relatively stable owing to the banking...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
2008
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| Series: | IMF Staff Country Reports
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| Online Access: | |
| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| Summary: | This 2008 Article IV Consultation highlights that Japan's external position remains strong. The current account surplus rose to 4.8 percent of GDP in 2007 on the back of strong external demand and a further surge in investment income. Money markets remain relatively stable owing to the banking system's lower exposure to subprime and other securitized products and the increased amounts and frequency of the Bank of Japan's (BoJ) liquidity operations. The near-term economic outlook is for a soft landing, although there remain risks from the global economy |
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| Physical Description: | 48 pages |
| ISBN: | 9781451948530 |