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 need...

Ausführliche Beschreibung

Bibliographische Detailangaben
Körperschaft: International Monetary Fund. Asia and Pacific Dept
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2020.
Schriftenreihe:IMF Staff Country Reports; Country Report ; No. 2020/039
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung: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.
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Beschreibung:1 online resource (119 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Zugangseinschränkungen:Electronic access restricted to authorized BRAC University faculty, staff and students