Momentum in Japan's economy may soon fizzle out, IMF warns
Expiration of fiscal support, lower expansion in foreign demand will reduce growth
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 gains are vulnerable, key policy objectives have yet to be achieved, and domestic investment and consumption are too weak to sustain positive momentum on their own, said the Washington-based institution.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Cut aid for livestock farms to help climate fight, World Bank says
PM Modi votes as India’s marathon election heats up
US, Chinese climate negotiators meeting on greenhouse gas curbs
Japan’s service activity extends gains on solid demand, PMI shows
Australia’s retail sales volumes fall 0.4% in Q1
Xi bristles at criticism of China over the war in Ukraine