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Japan - Upswing on fragile basis

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  • Martin Meurers

Abstract

In Japan the real gross domestic product increased by only 0.2% in 2002. The unemployment rate for the year stood at an average of 5.4%, and prices sank - for the fourth year in succession - by 0.9%. This year real GDP should expand by 2.7%. On the labour market no improvement is evident, and consumer prices will fall again by around 0.4%. In 2004 real GDP will grow by around 1.8%. The unemployment rate will increase to 5.5% and consumer prices will decrease by 0.3%.

Suggested Citation

  • Martin Meurers, 2003. "Japan - Upswing on fragile basis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(21), pages 42-51, November.
    • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:21:p:42-51
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    References listed on IDEAS

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    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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