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IMF flags 'chronic challenges' to Japan's financial system

It identifies weak growth, low interest rates and a greying population as stressors, and urges reforms

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A Japanese day-care facility for the elderly. The IMF report notes that a rapidly ageing population and a shrinking workforce call for the expediting of reforms to boost wages, productivity and growth.

Tokyo

THE International Monetary Fund (IMF) warned on Tuesday that Japan's lengthy and ongoing period of weak economic growth and low interest rates, along with its demographic changes, are posing "chronic challenges" for the country's financial system.

In its latest Article IV

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