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Momentum in Japan's economy may soon fizzle out, IMF warns

Expiration of fiscal support, lower expansion in foreign demand will reduce growth

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The IMF noted that the structural reforms under Abenomics have seen unemployment fall to record lows, with the job offer-to-applicants ratio at an all-time high, and data suggesting a steady increase in business and consumer confidence.

Tokyo

THE International Monetary Fund (IMF) warned on Monday that the sweet spot that the Japanese economy is now in - boosted chiefly by external demand and fiscal stimulus - may not last long unless bolder steps are taken to strengthen longer-term growth and inflation.

The recent

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