Japan; 2006 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

Japan showed strong economic recovery from the crisis. Executive Directors welcomed the development and stressed the need for a strong monetary framework, well-designed fiscal consolidation, and structural reforms. Directors agreed that the Bank of Japanâ€™s monetary framework is well suited to the post deflation environment and welcomed the improvement in transparency. Directors appreciated the progress in fiscal consolidation and structural reforms. They encouraged the authorities to maintain an ambitious reform program to support balanced global growth and an orderly resolution of global current account imbalances.

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Year of publication:	2006-07-28
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Staff Reports \| Financial sector \| Staff appraisals \| fiscal consolidation \| price stability \| fiscal adjustment \| domestic demand \| fiscal policy \| current account balance \| unemployment rate \| public debt \| world economy \| world growth \| fiscal imbalances \| spending cuts \| fiscal reforms \| primary deficit \| tariff barriers \| investor protection \| fiscal model \| fiscal multipliers \| liberal rules \| expenditure cuts \| net exports \| fiscal stability \| fair trade \| free entry \| government expenditure \| non-tariff barriers \| rules of origin \| terms of trade \| international trade \| government spending \| fiscal adjustments \| world demand \| tax cuts \| public finances \| tariff lines \| budgetary funds \| fiscal design \| current account surplus \| economic cooperation \| interest expenditure \| trade agreements \| debt service \| trade in services \| exchange rate policy \| fiscal data \| antitrust law \| fiscal plan \| preferential trade agreements \| equilibrium model \| oil imports \| fiscal debate \| tax rates \| multilateral system \| fiscal years \| trade barriers \| expanding trade \| import penetration \| quota-free access \| fiscal adjustment process \| dynamic gains \| trade reforms \| import prices \| domestic companies \| exchange rate movements \| budgetary process \| tax system \| government deficit \| supply chain \| tax bases \| fiscal cost \| debt obligations \| tax changes \| fiscal outlook \| short-term debt \| oil prices \| tax revenues \| fiscal consolidation episodes \| spending control \| fiscal costs \| agricultural subsidies \| trade diversion \| revenue collection \| tax reform \| skilled workers \| market liberalization \| exchange rate regime \| tax revenue \| expenditure reform \| government revenue \| fiscal impact \| taxation \| tax haven \| balance of payments \| competition policy \| domestic market \| trade integration \| current account deficit \| liberalization of trade \| international standards \| fiscal assumptions \| elimination of tariffs \| fiscal transparency \| regional trade \| nominal interest rate \| barriers to entry \| preferential trade \| indirect taxes \| adjustment process

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 06/275 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011245637