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Japan's economy faces risks with reform agenda, debt: IMF
Japan's economic risks over the medium term are tilted to the downside as the government could fail to deliver the additional reforms needed to lift potential growth and pare public debt, the International Monetary Fund said on Thursday. Prime Minister Shinzo Abe needs to go beyond the second installment of his growth strategy announced in June and take even bolder steps to increase the labor supply and loosen regulations in the services sector, the IMF said. The Bank of Japan does not need to ease monetary policy again now as prices for a broader number of goods are rising, but the central bank should be ready to ... (full story)