WASHINGTON (Kyodo) The International Monetary Fund expects the Japanese economy to start growing again later this year on the strength of the recently approved record ¥15.4 trillion fiscal stimulus, a senior IMF official said Wednesday.
Charles Collyns, deputy director of research at the Washington-based lender, noted that Japanese authorities have been aggressive about propping up the economy amid the global financial crisis.
"We do think that the combination of these measures will help to support the Japanese economy, particularly once the fiscal spending measures come into play around the second half of this year," he said at a news conference.