IMF predicts that Abenomics will miss targets set

Tokyo

THE economics policies advocated by Prime Minister Shinzo Abe will fail to hit their targets in terms of growth, inflation and fiscal consolidation within the time frames set for them, the International Monetary Fund (IMF) declared on Monday.

Urging Tokyo to be more flexible and to change the emphasis of its policies, the IMF gave Abenomics only a passing grade in its annual Article IV Consultation report.