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Abenomics needs to be 'reloaded', says hard-hitting IMF report

Fund also urges Bank of Japan to put greater emphasis on achieving its 2 per cent inflation target in a stable manner

Published Thu, Jul 23, 2015 · 09:50 PM

Tokyo

ABENOMICS "needs to be reloaded", the International Monetary Fund (IMF) said on Thursday in an often hard-hitting report analysing the successes and failures of the set of economic policies that bear the name of Japanese Prime Minister Shinzo Abe.

"In addition to swift implementation of already announced reforms, further high-impact structural reforms are urgently needed to lift growth, facilitate fiscal consolidation, and unburden monetary policy," the IMF said.

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