IMF gives its verdict on Abenomics

Japanese parasol

The International Monetary Fund (IMF) fully endorsed the Bank of Japan's objective to raise inflation to 2% and the sweeping enhancements to its monetary policy framework, in a statement on May 31 marking the end of this year's Article IV consultation in the country.

However, the Fund cautioned that a "lack of concrete fiscal measures to bring down public debt, or a delay in the consumption tax increase, could elevate risks of a rise in government bond yields, which would undermine fiscal and

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