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 ...