IMF: Japan needs 'credible' mid-term economic plan
World BusinessAug 6, 2013
The IMF said Japan's "three arrows" economic stimulus program is boosting growth Monday but warned that the country must still follow through with fiscal and structural reforms.It urged Tokyo to adopt a "credible" medium-term program that includes raising consumption taxes and deregulating farming and the service industry.In its annual review of Japan's economy, the International Monetary Fund said aggressive stimulus efforts by Prime Minister Shinzo Abe had given a strong boost to growth.And it