IMF backs Suga’s reform plan but urges BOJ to review inflation goal

Business Oct 22, 2020

IMF backs Suga’s reform plan but urges BOJ to review inflation goal

The International Monetary Fund gave a thumbs-up Wednesday to plans by new Prime Minister Yoshihide Suga to maintain the thrust of his predecessor's Abenomics stimulus programs, while pushing through reforms to revitalize the economy. Odd Per Brekk, deputy director of the IMF's Asia and Pacific ...

IMF and regional bodies agree to cofinance pandemic responses

Business Apr 22, 2020

IMF and regional bodies agree to cofinance pandemic responses

The heads of the International Monetary Fund, European Stability Mechanism (ESM) and other regional financing arrangements on Tuesday agreed to work together to mitigate the economic and financial impacts of the coronavirus pandemic. In a joint statement issued after a teleconference, the officials said they ...

IMF sees Asia-Pacific economic growth at standstill in 2020

Business / Economy Apr 16, 2020

IMF sees Asia-Pacific economic growth at standstill in 2020

Economic growth in the Asia-Pacific region will likely slow to a standstill in 2020, something that hasn’t happened in the last 60 years, according to the International Monetary Fund. Changyong Rhee, director of the lender’s Asia and Pacific Department, urged governments in the region to ...

Make-or-break moment in coronavirus fight could happen this week

Business Apr 13, 2020

Make-or-break moment in coronavirus fight could happen this week

The world’s ability to check the coronavirus contagion and fully recover from the worst peacetime recession since the Great Depression may depend on what international economic policy makers decide this week. With emerging markets and developing nations facing health emergencies, collapsing demand and cash crunches, ...