Japan: Economic and Policy Developments
International Monetary Fund, Nov 2, 2000 - Business & Economics - 101 pages
Fiscal policy has been strongly expansionary for most of the past decade in Japan. The resulting strain on public finances has made stimulus policies more difficult to maintain. The stance of monetary policy has remained unchanged over the past year. Further progress in resolving banking problems is essential given the plan to remove blanket deposit insurance in April 2002 and to lay the foundation for sustained growth. The paper discusses recent developments in the field of structural reform and deregulation in Japan.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
20 percent amount April assets bad loans Bank of Japan beneﬁts billions of yen bond issues call rate capital central government consolidation corporate Daiwa Bank debt decline deﬁned-contribution excluding social security expenditure Figure FILP agencies ﬁmds Financial ﬁnancial institutions ﬁnancing ﬁrst quarter ﬁscal deﬁcit ﬁscal policy Fitch IBCA Fuji Bank govemment government bonds government deﬁcit government’s increase inﬂation initial budget interest rates International Monetary Fund Japanese JGB yields JUL SEP NOV keiretsu liabilities liquidity major banks MAR MAY JUL March Ministry Mizuho Bank monetary base Monetary Fund monetary policy NOV JAN MAR pension plans percent of GDP portfolio postal savings deposits postal savings system private consumption proﬁts projects Public investment public works spending quarter of 2000 ratio recent reﬂected reform Residential investment revenue Sakura Bank sector SEP NOV JAN signiﬁcant Source special accounts stimulus packages supplementary budget Table Tokyo Total trillion