Recovery due to stimulus, not Abenomics: IMF official
Wages, corporate investment haven't improved, he says
THE success of Abenomics "is not yet assured" and Japan's economic recovery since Prime Minister Shinzo Abe came to power just over a year ago largely reflects official "stimulus", a senior International Monetary Fund (IMF) official said in Tokyo yesterday.
Jerry Schiff, deputy director of the IMF's Asia and Pacific department, made these comments as latest government data revealed a record decline in core machinery orders, a key capital investment indicator.
The visiting IMF team's rather sober assessment of the economy is likely to cause some consternation in Mr Abe's cabinet, as Abenomics' success is viewed as a key factor in maintaining Mr Abe's popularity with voters at a time when other govern…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results