IMF chief optimistic Japan economy will recover before next tax hike
The chief of the International Monetary Fund believes Japan will be able to revitalize its economy enough to accommodate the next consumption tax hike and that the country should continue efforts to empower women. Christine Lagarde forecast that Japan's economy is likely to return to ...
New 'Bernanke shock' in cards for emerging markets: ex-IMF exec Kato
Emerging markets are at risk of revisiting last year's "Bernanke shock" should the Federal Reserve signal an end to near-zero interest rates earlier than investors anticipate, according to Takatoshi Kato, once a deputy managing director at the International Monetary Fund. Former Fed Chairman Ben S. ...
Building global support for a new economic balance
The proposed BRICS-led development bank sounds promising for developing countries in Asia and Africa, as it may exercise indirect influence on the activities of those development banks that reflect the intentions of their national governments.
IMF's Japan report sees yen at fair value but warns on reforms
The International Monetary Fund said in a report released Thursday that the yen is currently at fair values against the other major currencies. The yen is assessed "as broadly consistent with medium-term fundamentals," the Washington-based lender said in its annual assessment of the Japanese economy. The ...
IMF examines risks that could lead to sharp cut in Japan's growth
The International Monetary Fund has presented a worst-case combination of risks that could shave Japan's real gross domestic product growth by as much as 4 percentage points. The economy would contract if the country simultaneously faces sluggish wage growth, a firmer yen, stock price falls ...
The financial heft of the BRICS group — Brazil, Russia, China, India and South Africa — has just advanced a step, at least symbolically, with its decision to launch the New Development Bank. A $100 billion reserve fund will be available to members that ...
The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the former Soviet republic's economy recover after months of turmoil. The IMF aid will allow the immediate disbursement of $3.2 billion to Kiev, and unlock ...
The International Monetary Fund upgraded its economic outlooks for the world and Japan in 2014 on the back of an overall recovery in advanced economies. In a revision to its biannual World Economic Outlook report, the IMF on Tuesday raised the expected growth rate of ...
The International Monetary Fund may upgrade its growth forecast for Japan, although the nation must start fiscal and structural reforms in 2014, IMF First Deputy Managing Director David Lipton was cited as saying in an interview in the Financial Times. The IMF's economic growth forecast ...
IMF offers guarded praise to 'Abenomics'
"Abenomics" has brought positive results, but challenges remain as to whether Prime Minister Shinzo Abe can implement structural reform to bring about sustainable growth, the International Monetary Fund said Tuesday in its first preliminary assessment of his economic policies. "The policy actions taken so far ...
