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July 04, 2025
 

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IMF

Afghan women after an earthquake in Herat, Afghanistan, on Oct. 10, 2023
BUSINESS / Economy
Oct 14, 2024
Poorest nations in worst financial shape since 2006, World Bank says
The World Bank report finds these economies are poorer today, on average, than they were on the eve of the COVID-19 pandemic.
International Monetary Fund spokesperson Julie Kozack
BUSINESS
Oct 4, 2024
IMF says Japan should keep raising rates if inflation data warrants it
Prime Minister Shigeru Ishiba said on Wednesday that Japan is not in an environment requiring an additional rate hike.
The world's multilateral development banks must shift to a growth-focused approach that stabilizes economies without forcing them to cut essential public spending.
COMMENTARY / World
Sep 27, 2024
The world needs bigger and better financial firefighters
The world's multilateral development banks must shift to a growth-focused approach that stabilizes economies without forcing them to cut essential public spending.
Newly elected Sri Lankan President Anura Kumara Dissanayake addresses the nation in Colombo on Wednesday.
ASIA PACIFIC / Politics
Sep 27, 2024
Sri Lanka’s leftist leader faces tough test to alter IMF deal
The new president took office with a mandate to bring relief to citizens, but the hard part is getting the lenders to play along.
Anura Kumara Dissanayake, Sri Lanka's president-elect, center, departs from the Sri Lankan Election Commission after the announcement of the presidential election results in Colombo, Sri Lanka, on Sunday.
ASIA PACIFIC / Politics
Sep 23, 2024
Sri Lanka leftist wins election after vowing to rejig IMF deal
Anura Kumara Dissanayake defeated incumbent President Ranil Wickremesinghe and opposition leader Sajith Premadasa in the country’s first-ever runoff.
IMF chief economist Pierre-Olivier Gourinchas says Japan's inflation is higher than 2% and inflation expectations have started to move toward, or "maybe even a little bit above" the BOJ's 2% target. As a result, the BOJ is normalizing the extremely loose monetary policy it has had for decades.
BUSINESS / Economy
Aug 24, 2024
IMF sees scope for Bank of Japan to keep raising rates
The BOJ can raise interest rates gradually as heightening inflation expectations leave further scope for normalization, the IMF said.
Former Pakistani Prime Minister Imran Khan during an interview in Lahore, Pakistan, on March 17, 2023
ASIA PACIFIC / Politics
Aug 5, 2024
Pakistan former Prime Minister Khan calls for good relations with army
No Pakistani prime minister has completed a full five-year term in office, and most have served time in jail.
International Monetary Fund guidance on industrial policy must balance protection with market discipline and emphasize fiscal prudence.
COMMENTARY / World
Jul 25, 2024
What fiscally sound industrial policy can do
Industrial policy can help countries cope with growing economic and political uncertainty. But the details matter.
The International Monetary Fund lowered its 2024 growth estimate for Japan by 0.2 point to 0.7%, citing temporary production suspensions at some automakers over their vehicle test cheating, as well as weak private investment.
BUSINESS / Economy
Jul 17, 2024
IMF cuts Japan's growth forecast, upbeat on consumption prospects
The IMF says it expects Japan's economy to expand 0.7% this year, down 0.2 percentage point from its forecast in April, after an 1.9% increase in 2023.
The US economic engine has pulled in an increasing share of global capital.
BUSINESS / Markets
Jun 17, 2024
How the U.S. mopped up a third of global capital flows since COVID-19
The U.S. also pulled in a fresh wave of foreign direct investment thanks to billions of dollars worth of incentives.
The growing divide between U.S.-led and China-aligned blocs is taking a toll on the global economy as trade and investment flows are redirected along geopolitical lines in ways not seen since the Cold War.
BUSINESS / Economy
May 9, 2024
Cold War-type divide puts trade and investment at risk, top IMF official warns
After years of shocks, countries are reevaluating their trading partners, an IMF official has said.
Krishna Srinivasan, director of Asia and Pacific at the International Monetary Fund, wrote in a blog post that global disinflation and the prospect of lower central bank interest rates had made a soft landing more likely.
BUSINESS / Economy
Apr 30, 2024
IMF boosts Asia growth forecast this year on China and India prospects
It expects Asia to grow 4.5% from the prior year — 0.3 percentage points higher than its previous forecast but still slower than last year’s 5% pace.
The skyline of central Mumbai's financial district
JAPAN
Apr 28, 2024
India seen overtaking Japan in nominal GDP in 2025
Japan's economy is expected to fall to the fifth largest in the world. In February, GDP data showed that Japan was overtaken by Germany in 2023.
Delegates meet for the Development Committee Plenary during the World Bank and IMF 2024 Spring Meetings in Washington on Friday.
COMMENTARY / World
Apr 24, 2024
Negotiating a bigger, better World Bank
Recent changes at the global lender are important steps toward making the World Bank’s financial model fit for “ending poverty on a livable planet.”
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting at BOJ headquarters in Tokyo on March 19.
BUSINESS / Economy
Apr 20, 2024
BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising
The BOJ must maintain loose monetary policy for the time being as underlying inflation remains "somewhat below" its 2% target, Gov. Kazuo Ueda said.
Vitor Gaspar, director of fiscal affairs at the International Monetary Fund, speaks at a news conference during the annual meetings of the IMF and World Bank in Washington on Wednesday.
BUSINESS / Economy
Apr 19, 2024
Japan should pursue fiscal consolidation, IMF economist says
With Japan's inflation mostly in line with the Bank of Japan's 2% target, an IMF economist is encouraging fiscal consolidation.
The IMF has singled out the U.K. and Italy alongside the U.S. and China as nations that face serious fiscal risks as debt continues to creep upward.
BUSINESS / Economy
Apr 18, 2024
U.S. and China debts pose risks for global public finances, IMF says
Public debt in China and the U.S. is projected to almost double by 2053, which could "have profound effects on the global economy," the IMF reports.
The International Monetary Fund headquarters in Washington. The IMF sees downside risks in the Japanese economy, which unexpectedly slipped into a recession at the end of last year.
BUSINESS / Economy
Feb 23, 2024
IMF sees downside risks for Japan in 2024
Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany.
International Monetary Fund Managing Director Kristalina Georgieva (right) speaks during the World Governments Summit in Dubai on Monday.
BUSINESS / Economy
Feb 13, 2024
IMF and World Bank warn Gaza and Red Sea chaos imperils global economy
The Israel-Hamas war and its knock-on effects could impact the world the longer the fighting drags on, IMF chief Kristalina Georgieva said.
A man talks on the phone during COP28 in Dubai on Monday.
BUSINESS
Dec 4, 2023
Japan, France back plan to boost climate lending with IMF reserves
Multilateral development banks say they can bolster climate finance in developing markets by leveraging the IMF's Special Drawing Rights.
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Onosato's yokozuna promotion causes rare quirk in new sumo rankings
Newly promoted yokozuna Onosato holds a copy of the latest banzuke ranking in Anjo, Aichi Prefecture, on Monday.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Over 900 earthquakes strike Tokara islands in space of two weeks
A screenshot shows many quakes occurring in the Tokara islands over the past 30 days, in this image taken from the U.S. Geological Survey website.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji
By Alex K.T. Martin

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