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IMF calls for policies to support wage increases in Japan

It wants Tokyo to use moral suasion, tax breaks and penalties to prod firms into granting bigger pay gains

Washington

IN a sign of how worried it is about Japan's economy, the International Monetary Fund (IMF) is urging the country to resurrect a radical strategy once employed by former US presidents Nixon, Ford and Carter - only in reverse.

It's called an incomes policy - and it