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From Denver 1997 to Birmingham 1998
Country Report

Japan

~ Japan Contents ~ Country Objectives ~

Political Data ~ Structure of Government ~ Economic Data

Political Data
Head of State:
Prime Minister: Ryutaro Hashimoto
Finance Minister: Hikarc Matsonaga
Economics Minister:
Foreign Minister: Keizo Obuchi
Trade Minister: Mitsuo Horiuchi
Central Bank Governor: Masaru Hayami
Environment Agency
Director General:
Hiroshi Oki
Justice Minister: Kokichi Shimoinaba
Labour Minister: Bunmei Ibuki
Sherpa: Koichi Haraguchi
Sous-Sherpa:

 

Structure of Government
House of Councillors 252 seats
Political Party LDP 117,
Heiseikai 56,
79 remaining seats held between 8 other parties.
Elections held every 6 years with half body chosen 3 years
House of Representative 500 seats
Political Party LDP 261,
Democratic Party of Japan 95,
Peace Reform Network 47,
Liberal Party 41
Elections held every 4 years
Public Approval Rating: 41%

 

Economic Data
GDP: (1996) Yen 500,356 bln
(1997 1st quarter) Yen 513 300 bln
(1997 2nd quarter) Yen 502 702 bln
(1997 3rd quarter) Yen 508 290 bln
Source: IMF
Economic Growth Rate: (3 months*) - 0.7% change at annual rate
(1 year/1997 4th quarter) - 0.2% change at annual rate
The Economists Forecasts: (1998) nil; (1999) +1.0
Source: The Economist
Inflation: (3 months*) -2.6 % change at annual rate
(1 year/Feb. 1998) +1.9% change at annual rate
Source: The Economist
*Average of latest 3 months compared with average of previous 3 months, at annual rate.
Unemployment: (Feb. 1998) 3.6%
Source: The Economist
Interest Rates: Banks prime (22 April 1998): 1.63% per annum
Source: The Economist
Exchange Rate: [Yen per US dollar / Market Rate - Period Average]
(1996) 108.78 (1997) 120.99
(Jan. 1998) 129.45 (Feb. 1998) 126.00
Source: IMF
Current Account: (Feb 1998) +102.9 $bln
Source: The Economist
World Ranking 2nd

Prepared by Megan Harris and Ash Patel, University of Toronto G8 Research Group, May 1998.

~ Japan Contents ~ Country Objectives ~

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