Japan must redouble economic stimulus or admit that it will take years to reach inflation of 2 per cent, the International Monetary Fund has warned in a tough verdict on the world’s third-largest economy.
Prime minister Shinzo Abe needs to “reload” his Abenomics programme with an incomes policy to drive up wages, on top of monetary and fiscal stimulus, the IMF said after its annual mission to Tokyo.
The fund’s comments show that even with negative interest rates and the postponement of a planned rise in consumption tax, it believes Japan is still not on course to escape from its decades of on-and-off deflation.
您已閱讀32%（616字），剩余68%（1330字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。