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The World Trade Organization is calling on Japan to make bold structural reforms while offering broad support for its current money-easing policies. “Members felt that the accommodative macroeconomic policies being pursued, particularly by the new government, can help Japan to recover from the recent ...
Recent concerns about competitive currency devaluations are “overstated,” according to the International Monetary Fund. The yen’s recent sharp fall has sparked concerns about competitive devaluations, the IMF said Thursday in a report on global prospects and policy challenges. “Taking a broader perspective, however, such ...