search query: @journal_id 133 / total: 233
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| Author: | |
| Title: | Japan |
| Journal: | Economic Outlook
1997 : AUG, VOL. 21:4, p. 30-33 |
| Index terms: | JAPAN SURVEYS FORECASTING GROWTH INVESTMENTS CONSUMPTION |
| Language: | eng |
| Abstract: | The main impact on the Japanese economy has been the increase in the consumption tax, in the first half of 1997. Business investment rose by 6-5% in 1996 and has been rising since the start of 1995. In the first quarter of 1997 it continued to grow at 6.5% helped by strong export demand and record low interest rates which have been at 0.5% since September 1995. The weakness of the Yen has led to higher exports which have also benefitted from higher demand in Japan's major export markets. There is growing evidence that reforms of Japan's financial system will encourage greater competition and scope for expansion. Firm but modest growth is expected in 1997, and strengthening recovery in 1998. |
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