Japan liabilities deterioration ‧ IMF warning - hpc


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Zhu Min, vice president of International Monetary Fund (IMF) warned Japanese government to take additional measures to rescue the economy result in liabilities situation in Japan "aggravated".
An interview today at the Asian Financial Forum held in Hong Kong, Zhu Min said: “Japan’s liabilities situation is even more serious, Japan must further fiscal consolidation."
Japanese Prime Minister Shinzo Abe to honor derogatory yen, end of deflation and boost the growth of the election vote, last week resorted to scale up to 10.3 trillion yen ($ 115 billion) fiscal stimulus program.
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