WASHINGTON — Japan is calling on the International Monetary Fund to adopt a set of structural reforms to reinforce its ability to prevent future economic crises and boost its legitimacy as a key financial lender.
In a statement presented to the IMF's policy-steering International Monetary and Financial Committee, Finance Minister Naoto Kan said Saturday the IMF should set a clear target of ensuring financial stability as its postcrisis mission.
The statement also said that strengthening the IMF's surveillance functions is "a pressing issue" and a pivotal tool in crisis prevention.