Japan 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

This 2019 Article IV Consultation with Japan highlights that the rapid aging and shrinking of Japan’s population has become central to macroeconomic policies and outcomes. The consultation centered on the macroeconomic effects of Japan’s demographics. Mutually reinforcing policies are needed to lift...

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Bibliographic Details
Corporate Author: International Monetary Fund Asia and Pacific Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2020
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Inflation 
653 |a Economics of the Handicapped 
653 |a Labour 
653 |a Non-labor Market Discrimination 
653 |a Public finance & taxation 
653 |a Taxes 
653 |a Deflation 
653 |a Fiscal Policy 
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653 |a Price Level 
653 |a Business Taxes and Subsidies 
653 |a Criminology 
653 |a Demography 
653 |a Money laundering 
653 |a Labor Economics: General 
653 |a Consumption taxes 
653 |a White-collar crime 
653 |a Prices 
653 |a Macroeconomics 
653 |a Taxation 
653 |a Public Finance 
653 |a Spendings tax 
653 |a Income economics 
653 |a Corporate crime 
653 |a Labor economics 
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520 |a This 2019 Article IV Consultation with Japan highlights that the rapid aging and shrinking of Japan’s population has become central to macroeconomic policies and outcomes. The consultation centered on the macroeconomic effects of Japan’s demographics. Mutually reinforcing policies are needed to lift current and expected inflation, stabilize public debt, and raise potential growth. Underlying growth is expected to remain resilient but will be increasingly challenged by slowing external demand and intensifying demographic headwinds. Growth in domestic demand is being eroded by the weaker external environment. Frontloading of private consumption ahead of the October 2019 consumption tax rate increase appears to have been smaller than in 2014