Japan: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2003
Issue 281
Publication date: September 2003
ISBN: 9781451820492
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Economics- Macroeconomics , Public Finance , ISCR , CR , transmission mechanism , growth projection , policy development , value , GDP deflator , dollar rate , public funds , Deflation , Real interest rates , Financial sector , Fiscal stance , Global
Summary
Japan has made progress in addressing major economic challenges. Executive Directors emphasized for a comprehensive program designed to resolve financial and corporate sector weaknesses, end deflation, and rein in fiscal imbalances. They stressed the need to maintain strong fiscal and monetary policies and also accelerate structural reforms. They welcomed the program for financial revival and commended Japan's continued commitment to overseas development assistance. They stressed the need to improve the legal framework for antimoney laundering and countering the financing of terrorism.
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