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Japan: Staff Report for the 2004 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2004 Article IV Consultation highlights that Japan’s economic recovery continued in 2003 and into the first part of 2004. For 2003, GDP growth reached 2½ percent, double the mid-year consensus forecast, and continued at about 6 percent on an annualized basis in the first quarter of 2004. As the economic recovery broadens further, real GDP is projected to expand by 4½ percent in 2004 and 2½ percent in 2005, with CPI deflation ebbing to zero by the end of this period.

Suggested Citation

  • International Monetary Fund, 2004. "Japan: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2004/249, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/249
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17624
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