Apr 19, 2015

IMF fudges BOJ inflation target timeline

The International Monetary Fund said it has become harder to estimate when the Bank of Japan will achieve its inflation target, suggesting the global fund is backtracking from its prediction of around 2017 or 2018. “It’s just too uncertain for us to say x ...

Apr 17, 2015

Emerging economies hail new China-led investment bank

A group of 24 emerging economies on Thursday welcomed plans to establish the China-led Asian Infrastructure Investment Bank. In a statement they said they “look forward” to the creation of the AIIB. The statement followed a meeting on the sidelines of the biannual IMF-World ...

Apr 16, 2015

IMF warns of higher debt-GDP ratio in Japan

The International Monetary Fund warned Wednesday that the ratio of Japan’s government debts to its gross domestic product is expected to rise to 250 percent by 2020 if the country maintains its current fiscal policy. In its latest Fiscal Monitor report, the IMF also ...

Apr 14, 2015

IMF raises Japan's growth forecast to 1% for 2015

The International Monetary Fund said Tuesday it nudged up its economic growth projection for Japan in 2015 by 0.4 point to 1.0 percent in real terms, mainly thanks to the yen’s weakness and lower crude oil prices. Japan’s economy is expected to pick up ...

Mar 26, 2015

China denies seeking veto power in new multilateral bank

China has not sought veto power over a new multilateral bank, a top finance ministry official said Wednesday, after a report Beijing enticed major European countries to join by offering to give up control over decisions. Britain, Germany, France and Italy have in the ...