Apr 19, 2013

IMF chief tells Japan to draft real reforms

International Monetary Fund Managing Director Christine Lagarde on Thursday called on Japan to reduce public debt and carry out structural reforms. The Bank of Japan’s new monetary easing policy launched earlier this month is “a positive step,” Lagarde told a news conference ahead of ...

Apr 13, 2013

IMF says so far, so good with easing by central banks

Global central banks, including the Bank of Japan, buying assets and keeping interest rates low to boost growth have had “positive short-term effects for banks” even as risks from the policies are increasing, the International Monetary Fund said. “The prolonged period of low interest ...

Apr 12, 2013

Lagarde calls BOJ's easing 'positive step'

IMF Managing Director Christine Lagarde said the Bank of Japan’s recently announced new monetary easing is “a positive step.” In a speech Wednesday at the Economic Club of New York, the head of the International Monetary Fund noted the emergence of a “three-speed” global ...

BRICS take shot at shattering predominance of World Bank, IMF

Mar 28, 2013

BRICS take shot at shattering predominance of World Bank, IMF

The world’s major developing nations are laying plans to combine their economic clout in a challenge to the role that U.S.- and European-led institutions such as the World Bank and International Monetary Fund play in global economic affairs. Meeting this week in Durban, South ...

Mar 21, 2013

Cyprus turns down 'unjust' fiscal bailout

Lawmakers in Cyprus on Tuesday rejected a bailout plan that would have rescued the country’s banks but forced savers to chip in for the cost, throwing down a gauntlet to the rest of Europe over the financial fate of the tiny island nation. The ...

Feb 23, 2013

IMF says concerns on yen's fall 'overstated'

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 ...

Jan 25, 2013

IMF still sees growth, recession or no

The International Monetary Fund on Wednesday left its growth estimate for the Japanese economy this year steady at 1.2 percent despite the latest recession, after determining that the stimulative extra budget will likely spur a temporary recovery in the short term. “The recession is ...