Aug 16, 2014

IMF urges Japan to take quick action on structural reforms

The International Monetary Fund has underscored the need for Japan to promote structural reforms quickly in light of its worst gross domestic product contraction in 13 quarters. “With the near-term outlook looking increasingly uncertain, the government needs to move quickly on the third arrow ...

Aug 1, 2014

Japan must hike sales tax again to conquer debt, IMF says

Japan must raise its sales tax again to conquer one of the world’s heaviest public debt burdens, the International Monetary Fund said on Thursday, as it called for deep economic reforms. The recommendations, outlined in the Washington-based fund’s annual country report, come four months ...

Jul 31, 2014

IMF's Japan report sees yen at fair value but warns on reforms

The International Monetary Fund said in a report released Thursday that the yen is currently at fair values against the other major currencies. The yen is assessed “as broadly consistent with medium-term fundamentals,” the Washington-based lender said in its annual assessment of the Japanese ...

Jul 30, 2014

IMF examines risks that could lead to sharp cut in Japan's growth

The International Monetary Fund has presented a worst-case combination of risks that could shave Japan’s real gross domestic product growth by as much as 4 percentage points. The economy would contract if the country simultaneously faces sluggish wage growth, a firmer yen, stock price ...

Jul 24, 2014

IMF sees U.S. growth at weakest since recession

U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. But the global lending organization said Wednesday that it still expects ...

Jul 21, 2014

Banking on the BRICS

The financial heft of the BRICS group — Brazil, Russia, China, India and South Africa — has just advanced a step, at least symbolically, with its decision to launch the New Development Bank. A $100 billion reserve fund will be available to members that ...

May 5, 2014

Don't balk on next tax hike: IMF

Japan must finish doubling the consumption tax to 10 percent in 2015 or its sovereign debt market might collapse, a senior International Monetary Fund official warns.

Apr 9, 2014

IMF trims GDP projections for Japan in 2014

The International Monetary Fund cut its annual growth forecast for Japan on Tuesday, singling out the country as the only major advanced economy to have its growth projections cut. Fallout from the April 1 consumption tax hike was cited as the reason for the ...

Mar 21, 2014

Wage hike key to Japan's economic growth, IMF says

Wage growth, mainly among smaller businesses and for nonregular workers, is an essential element for Japan’s economic growth, the International Monetary Fund said in a research report. “Higher inflation without higher incomes can hardly be characterized as a successful reform,” the IMF said Thursday, ...