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Abenomics needs to be 'reloaded', says hard-hitting IMF report

Fund also urges Bank of Japan to put greater emphasis on achieving its 2 per cent inflation target in a stable manner

The IMF expects Japan’s GDP to grow 0.8% this year, buoyed by gradually strengthening private consumption and a gradual recovery of external demand. PHOTO: REUTERS


ABENOMICS "needs to be reloaded", the International Monetary Fund (IMF) said on Thursday in an often hard-hitting report analysing the successes and failures of the set of economic policies that bear the name of Japanese Prime Minister Shinzo Abe.

"In addition to swift