IMF official David Lipton in an interview with the Financial Times said:
- The International Monetary Fund is likely to upgrade its growth forecast for Japan
- But fiscal and structural reforms must start in 2014
- monetary stimulus in the first year of Shinzo Abe’s premiership has already changed Japan’s economic trajectory and suggested that the fund could tolerate even more should it be needed
“The second year they have the opportunity to show that the second and third arrows are potent. It doesn’t mean they have to finish but they really have to start.”
IMF’s Lipton says Japan on target but needs to show more success – the Financial Times (gated, but can be read with a free registration)
Also at Bloomberg (not gated)
Lipton is number two to IMF managing director Christine Lagarde
